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Property profile & analytics
FOR LEASE
Office Spaces

217 West Main St Centralia, WA 98531

18,560 SF 0.45 ac lot Built 1940
Individually Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US90-1822143
Property summary
AI-generated overview

This exceptional commercial property, formerly Campbell Chrysler, presents a unique investment opportunity in Centralia, WA. The 53,560-square-foot building, classified as Class C, sits on a prime location just minutes from Interstate 5, offering easy access to major transportation routes. Its strategic placement near the Centralia Outlet Mall and downtown Centralia ensures high visibility and convenient access for customers. The property features a two-story building with two drive-in doors, suitable for a variety of commercial and industrial uses. The space is currently vacant and divisible, with a minimum leasable area of 15,400 square feet and a maximum contiguous space of 19,600 square feet. The zoning is C-3, City of Centralia, allowing for diverse business applications. In addition to the main building, there's also a former used car lot and additional overflow parking lots available for lease, either individually or as a package. This versatile property offers significant potential for businesses seeking a prominent location with ample space and convenient access. The property's size and flexibility make it ideal for multiple tenants or a single large-scale operation. Contact us today to explore the possibilities.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1940
Construction WOOD
Total area 18,560 SF
Lot 0.45 ac (19,602 SF)
APN 184000000
UPID US90-1822143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
$821k
Blend (final) Blend
$635k
Owner & transaction history
Kathleen M Campbell · 17 yrs held
Kathleen M Campbell
since 2008
4 recorded transactions
2008
Price N/A
2008
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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