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Property profile & analytics
OFF-MARKET
Individual retail properties

2614 Kresky NE Ave Centralia, WA 98531

4,700 SF 0.66 ac lot Built 1990
Individually Owned 13-yr Hold Free & Clear
Property ID
US90-1481349
Property summary
AI-generated overview

This exceptional commercial property, located at 2614 NE Kresky Avenue in Centralia, WA 98532, presents a unique investment opportunity. Situated on a 0.66-acre lot in the heart of the Centralia/Chehalis Commercial District, this 10,500 square foot building offers a versatile layout ideal for a variety of uses. The main floor features a spacious showroom, three private offices, and two bathrooms, providing ample space for retail or office operations. Upstairs, ten individual offices, a conference room, and two additional bathrooms offer significant rental potential. Two separate entrances to the upper level allow for flexible leasing options, accommodating either individual tenants or a single large entity. The building's exterior has recently undergone improvements with the replacement of the siding. Currently, the upstairs offices are leased until August 2026, while the ground floor is available for immediate occupancy. This property offers a chance to own a piece of the Miracle Mile, a thriving commercial area. The asking price for this property is $1,500,000. This is a rare opportunity to acquire a well-maintained, income-producing commercial building in a desirable location.

Property profile
Verified
Property type Individual retail properties
Use group GARDEN CENTER, HOME IMPROVEMENT
Year built 1990
Construction WOOD
Total area 4,700 SF
Lot 0.66 ac (28,750 SF)
APN 5605080006
UPID US90-1481349
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jon C Vigre JR. · 13 yrs held
Jon C Vigre JR.
since 2013
6 recorded transactions
2019
Price N/A
2013
$225,000
2010
Price N/A
2010
Price N/A
2006
$1.2M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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