213 Washington StSequim, WA 98382

Property Details for 213 Washington St

Year built

1940

Lot size

0.29 AC

Property size (Sq ft)

6,240 SF

Property type

Grocery and convenience stores

APN

330205301100000

APU

330205301100000

Description

This exceptional commercial property at 213 E Washington Street in Sequim, WA, presents a compelling investment opportunity. Located on Sequim's busiest street, this building enjoys high visibility and traffic, benefiting from its proximity to the US Post Office. The 975,000 USD property is currently fully leased to a diverse mix of established tenants, including Edward Jones Investments, La Petite Maison, Pedego Electric Bikes, and Beal Carpet and Drapes. The building offers a total of approximately 7,040 square feet of leasable space, distributed among the tenants as follows: La Petite Maison occupies 1200 square feet at a monthly rent of $16,500

• CAP approach

  CAP return

  Valuation

  6%

  $2,474,223

  6.5%

  $2,283,898

  7%

  $2,120,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,779,919

  Geo Method

  $3,028,282

• Alternative Use

  Use

  Valuation

  Residential

  $1,926,554

  Hospitality

  $1,764,713

  Educational

  $1,468,220

  Medical

  $1,518,715

  Retail

  $2,283,898

Location Insight

City

Sequim

County

Clallam

State

Washington

Latitude

48.0794

Longitude

-123.1

CBSA code

38820

CBSA name

PORT ANGELES, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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