Property profile

319 Main St Elma, WA 98541

OFF-MARKET
Retail space
Property ID
US90-0358670
3,712 SF 0.1 ac lot Built 1921
Individually Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 319 W Main Street in Elma, Washington, presents a unique investment opportunity. Boasting a substantial 3,712 square feet of space, the building offers a captivating blend of history and modern functionality. The property's prime Main Street location ensures high visibility and foot traffic, providing excellent potential for a variety of commercial ventures. The interior features a large open area, perfect for adaptable layouts, complemented by multiple smaller rooms offering versatile usage options. A convenient bathroom is included, along with ample storage space located both in the basement and within the main building's utility areas. The building's strategic location offers easy access to the highway, enhancing its accessibility and appeal to both customers and employees. This property represents a rare chance to acquire a piece of Elma's rich history while capitalizing on its promising commercial potential. The asking price is $369,000. The property sits on a lot with zero acres. This is a general commercial property. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1921
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,712 SF
Lot 0.1 ac (4,356 SF)
APN 43000300301
UPID US90-0358670

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • (Bike/Boat/Book/etc) Store

Location

319 Main St Elma, WA 98541-9294
Elma metro Census 502 ABERDEEN, WA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2023
Last sale
$131,500
6 recorded transactions
2023
Price N/A
2021
$131,500
2010
Price N/A
2010
Price N/A
2006
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 319 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message