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Property profile & analytics
OFF-MARKET
Retail space

233 Market Blvd Chehalis, WA 98532-3039

Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-2735898
Property summary
AI-generated overview

This exceptional 1.73-acre property located at 233 S Market Boulevard in Chehalis, Washington, presents a unique redevelopment opportunity. Priced at $2,750,000, the property boasts a rich history as the R.E. Bennett School, offering a compelling blend of character and potential. The existing structure includes a full gymnasium and the stunning Rhoades Auditorium, both ready for immediate use. Significant infrastructure improvements have already been completed, including a new paved parking lot and attractive landscaping, providing ample off-street parking. Engineering work for the planned redevelopment is nearing completion. The current conceptual plan envisions a mixed-use development incorporating apartments, commercial spaces, and storage facilities. However, the property's versatility allows for a wide range of alternative uses, making it an ideal investment for creative developers seeking a landmark project in a thriving community. The substantial size of the lot, combined with the existing buildings and infrastructure, offers significant flexibility and potential for substantial returns. This is a rare chance to acquire a piece of Chehalis history and shape its future. The property is offered as-is. Serious inquiries only.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 4236002001
UPID US90-2735898
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Re Bennett LLC · 4 yrs held
Re Bennett LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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