For Sale
$1,200,000

2917 Washington StVancouver, WA 98660

Prime location, renovated office space

Overview

Added:
Dec 11, 2024
Days on market:
116
This meticulously renovated, two-story office building in downtown Vancouver, WA, offers 1,909 square feet of net rentable space in a 2,000 square foot building on a 5,620 square foot lot. Built in 1905 and completely renovated in 2021, it features industrial modern finishes, including custom glass doors, a new roof, updated electrical, a French drain system, and a mini-split HVAC system. The building includes six parking spaces and is ADA accessible on the main floor, which also boasts four separate entrances, ideal for sub-leasing. The flexible layout encompasses two conference rooms, two private offices (one with exterior access), three private work areas, a waiting/open workspace, a kitchenette/lounge area, and a dining area. The property is zoned R-9 and offers a 5.83% cap rate with a net operating income (NOI) of $70,000. The asking price is $1,200,000 ($600/sq ft). The owner is willing to sell the existing furniture. This exceptional property presents a unique investment opportunity for owner-users or those seeking a high-return investment in a thriving downtown location. Its proximity to Main Street and local amenities ensures a premium professional environment.

Highlights

  • 1,909 SF net rentable office building on a 5,620 SF lot in downtown Vancouver, WA.
  • Completely renovated in 2021 with industrial modern finishes.
  • Six parking spaces and ADA accessible main floor with four separate entrances.
  • Features two conference rooms, private offices, and open workspace.
  • 5.83% cap rate, $70,000 NOI, $1,200,000 asking price ($600/SF).

Property Details for 2917 Washington St

Property type
Office properties, Office space
Square Feet
2,000 SF
Class
B
Year Built/Renovated
1905/2021
Buildings
1
Stories
2

Location Insight

City
Vancouver
County
Clark
State
Washington
Latitude
45.643144367512
Longitude
-122.67216796933
2917 Washington St, Vancouver, Washington

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2917 Washington St
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