118 Lewis StMonroe, WA 98272

  • Sports & entertainment properties
  • 17,924 SF
For Lease
$18/SF/YR View listing

Property Details for 118 Lewis St

Year built
1919
Construction
WOOD
Lot size
0.42 AC
Property size (Sq ft)
17,924 SF
Zone code
DC
Property type
Sports & entertainment properties
Property subtype
Other sports & entertainment properties
APN
517401801300
APU
517401801300

Description

This exceptional 17,126 square foot commercial building, situated in the heart of Downtown Monroe, Washington, presents a unique investment opportunity. Built in 1919, this single-story property offers a blend of historical charm and modern functionality. Currently featuring four suites, the building offers flexible space options, with a minimum divisible space of 249 square feet and a maximum contiguous space of 1,263 square feet. A total of 1,512 square feet is currently vacant, providing immediate opportunities for new tenants. The property boasts a 14-foot ceiling height, creating an open and airy atmosphere. Ample parking is available with 53 spaces. The building's location at 118 N Lewis St, near W Hill St, ensures high visibility and accessibility within the bustling Downtown Monroe submarket. The property is zoned for retail, office, and restaurant uses, with current tenants in medical, salon, health and wellness, and massage businesses. This versatile space is ideal for a variety of businesses seeking a prominent location in a thriving community. The property's address is 118 N Lewis St, Monroe, WA 98272.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,533,902
    Hospitality
    $5,069,025
    Educational
    $4,217,369
    Medical
    $4,362,411
    Retail
    $6,560,352
118 Lewis St, Monroe, Washington

Location Insight

City
Monroe
County
Snohomish
State
Washington
Latitude
47.8565
Longitude
-121.971
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,831
$472,800
$1,776,200
$2,249,000
-
$472,800
$1,776,200
$2,249,000

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