301 Main St, Almira, WA 99103
This remarkable early 1900s brick building, located at 301 W Main Street in Almira, Washington, presents a unique investment opportunity. Previously serving as a bank and later a preschool, this two-story structure boasts significant historical character and charm. The property includes a spacious basement, adding considerable potential square footage. Its solid construction provides a strong foundation for adaptive reuse, making it ideal for various projects. Envision the possibilities: a boutique retail space, stylish lofts, or a mixed-use development. The building is ripe for renovation, offering a chance to add significant value through sweat equity. While requiring some tender loving care, this property offers a substantial return on investment for those with vision and a passion for restoration. The building's historical significance and prime location in Almira, WA, combine to create a truly exceptional opportunity to own a piece of local history and shape its future. This is a rare chance to acquire a substantial property at an attractive price point of $109,000. Don't miss this chance to transform this classic building into something truly special. The lot size is zero acres. The property is classified as General Commercial.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.