511 J St Hoquiam, WA 98550-3617
- Bed & breakfasts
- 7,568 SF
- 0.17 lot acres
Current Use by Public Records
- Bed & breakfasts
Property Details for 511 J St
- Year built
- 1923
- Construction
- STEEL FRAME
- Lot size
- 0.17 lot acres
- Property size
- 7,568 SF
- Property type
- Bed & breakfasts
- APN
- 51803500500
- APU
- 51803500500
Description
This exceptional 7,568-square-foot, three-story commercial building located at 511 J Street in Hoquiam, Washington, presents a unique investment opportunity. Situated in the C-2 zone, this historic structure has undergone a complete revitalization, boasting a newer foundation, siding, roof, gutters, and plumbing. The interior features 15-foot ceilings, an elevator lift, and intriguing hidden doors, adding to its character and potential. The current design showcases custom bohemian-style spaces, crafted by a local artisan recycler, offering a distinctive aesthetic. Finished spaces include an entryway, common room, stairwell, two bathrooms, an office, utility room, shop room, storage room, three bedrooms, and an open-concept apartment with a kitchen and living loft. The building's versatile layout allows for a multitude of uses. Potential uses include, but are not limited to, a spa, detox center, Airbnb, hotel, multi-family home, or even a private residence. With the potential for seven bedrooms and six bathrooms, along with additional common areas and the possibility of finishing the attic, this property offers significant expansion opportunities. The asking price is $450,000. This is a rare chance to acquire a beautifully restored historic building with immense potential in a desirable location. The property sits on a 0-acre lot.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $280,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $485,000
- 6.5%
- $450,000
- 7%
- $415,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hoquiam
- County
- Grays Harbor
- State
- Washington
- Longitude
- -123.888
- Latitude
- 46.9788
- CBSA code
- 10140
- CBSA name
- ABERDEEN, WA MICROPOLITAN STATISTICAL AREA