For Sale
$1,190,000

803 Vandercook WayLongview, WA 98632

High-Yield, 100% Occupied Property

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use investment property, located at 803 Vandercook Way in Longview, Washington, presents a compelling opportunity. The 9,430 square foot building, situated on a 10,568 square foot lot in the Central Business District (CBD), boasts 14 units spread across two stories. Built in 1962 and extensively renovated in 2023 and 2024, the property offers a blend of office and retail spaces, currently enjoying 100% occupancy. The strong tenant base, with multiple businesses operating for over five years, generates a substantial Net Operating Income (NOI) of $70,912, translating to a 5.96% capitalization rate. The asking price is $1,190,000. Significant upside potential exists through future rent increases as leases renew, and there's potential for expansion within the existing common area. This fully occupied, high-yield property is an excellent addition to any investment portfolio. The property's APN is 08975 and its zip code is 98632. The property is located in Cowlitz County.

Highlights

  • $1,190,000 asking price for a mixed-use property in Longview, WA.
  • 9,430 square feet of net rentable space in a 10,568 square foot lot.
  • 100% occupancy with a 5.96% cap rate and $70,912 NOI.
  • 14 units in a two-story, 1962-built building, renovated in 2023 and 2024.
  • Located in the Central Business District (CBD) of Longview, WA, at 803 Vandercook Way, with APN 08975.

Property Details for 803 Vandercook Way

Property type
Retail properties, Office properties
Square Feet
9,430 SF
Year Built
1962
Buildings
1
Stories
2
Units
14

Location Insight

City
Longview
County
Cowlitz
State
Washington
Latitude
46.144476488925
Longitude
-122.92451360991
803 Vandercook Way, Longview, Washington

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803 Vandercook Way
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