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For Sale
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Property summary
This impressive three-story commercial building, located at 151 W 1st Ave in Colville, WA, offers a unique investment opportunity. Boasting over 20,800 square feet on a 0.6-acre lot, the property is currently generating income from three established tenants: an Italian restaurant, a dance studio, and a bar. Each tenant pays a monthly rent of $1,000, providing a substantial monthly cash flow. Additional rentable space is available, presenting significant potential for increased revenue. The building's rich history adds to its character and appeal. The owner currently covers annual insurance costs (estimated at $5,000), electricity and gas for the studio and vacant floor space (estimated $60-$300 monthly), and water and sewer (estimated $300 monthly) for all three tenants. Tenants are responsible for their own garbage disposal. The restaurant and bar have separate utility meters. This property presents a rare chance to acquire a well-situated, income-producing commercial building with considerable upside potential. Owner financing options may be available. The building's size and versatile layout make it suitable for a variety of commercial uses, offering flexibility for future development and tenant diversification. Its prime location in Colville ensures high visibility and accessibility. This is an exceptional opportunity for a savvy investor seeking a strong return on investment.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub
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Training Center
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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