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Property profile & analytics
FOR SALE
Retail space

402 E Summa St Centralia, WA 98531

5,039 SF 0.44 ac lot Built 1950
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US90-3191909
Property summary
AI-generated overview

This exceptional Centralia commercial property presents a rare opportunity for acquisition. Located at 402 E Summa Street, this 0.5-acre lot boasts a prime corner location offering considerable road frontage (125 x 155 feet) and excellent visibility. The property features a well-maintained building encompassing approximately 1039 square feet of office space and approximately 4000 square feet of warehouse space, ideal for a variety of light industrial uses. The expansive, fenced, and paved yard provides ample space for parking company trucks, heavy equipment, or outdoor storage. The property is zoned C-1, allowing for diverse commercial applications. Buyers are encouraged to conduct their own due diligence to confirm suitability for their intended use. The flat, paved yard is a significant advantage, offering ease of access and maneuverability. The seller is open to considering lease options as an alternative to outright sale. This property's combination of size, location, and zoning makes it a highly attractive investment opportunity with significant potential. The substantial road frontage and visibility ensure high exposure for any business operating from this location. The existing building provides a solid foundation for immediate occupancy or future expansion.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction WOOD
Total area 5,039 SF
Lot 0.44 ac (19,166 SF)
APN 8992001000
UPID US90-3191909
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
Brian Fleming · 6 yrs held
Brian Fleming
since 2020
Last sale
$316,000
3 recorded transactions
2020
$316,000
2008
$312,500
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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