For Sale
$599,000

1152 Commerce Ave Longview, WA 98632

High-return retail investment. Multi-tenant, 100% occupied.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 5,600-square-foot storefront, located at 1152 Commerce Ave in the heart of Longview, Washington's downtown core, presents a compelling investment opportunity. Boasting a 7.20% cap rate and a price per square foot of $106.96, this multi-tenant property offers a strong return on investment. Situated on a 6,000-square-foot lot (APN 01593), the building benefits from high visibility thanks to recent exterior improvements including fresh paint and natural cedar siding. A major renovation in 2023 included significant tenant improvements, ensuring long-term lease stability. The property features a new roof, HVAC system, lighting, and electrical upgrades. Currently 100% occupied, this NNN-leased property is zoned DC | Downtown Core and was built in 1931. This is a turnkey investment ready for immediate income generation. Contact us today to schedule a private showing.

Highlights

  • $599,000 asking price for a 5,600 SF retail storefront.
  • Located in Longview, WA's downtown core at 1152 Commerce Ave.
  • Multi-tenant, 100% occupied, NNN lease.
  • $106.96/SF price, 7.20% cap rate.
  • Recently renovated (2023) with new roof, HVAC, lighting, and electrical; exterior paint and cedar siding.
  • 6,000 SF lot, built in 1931, APN 01593.

Property Details for 1152 Commerce Ave

Property type
Retail properties, Retail space
Square Feet
5,600 SF
Year Built/Renovated
1931/2023

Location Insight

City
Longview
County
Cowlitz
State
Washington
Latitude
46.134837485536
Longitude
-122.93529478338

FAQs

What type of property is this?
Retail property - High-return retail investment. Multi-tenant, 100% occupied.
Where is the retail property located?
The property is located at 1152 Commerce Ave Longview, WA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: $599,000 asking price for a 5,600 SF retail storefront.; Located in Longview, WA's downtown core at 1152 Commerce Ave.; Multi-tenant, 100% occupied, NNN lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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1152 Commerce Ave
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