315 Michigan StAberdeen, WA 98520

Property Details for 315 Michigan St

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.90 AC

Property size (Sq ft)

17,795 SF

Property type

Office buildings

APN

29408000700

APU

29408000700

Description

This exceptional commercial property, located at 315 S Michigan Street in Aberdeen, WA, offers a unique investment or owner-user opportunity. Spanning a substantial 19,065 square feet, this flex space sits on a generous 1.12-acre lot. The property's dual-parcel configuration provides significant flexibility for a variety of business uses. Its prime location within Aberdeen ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the local market. The expansive square footage allows for diverse layouts and configurations, catering to businesses with varying operational needs. Whether you're looking to establish a new enterprise or expand an existing one, this property's versatility and strategic location offer a compelling proposition. The substantial lot size also presents potential for future expansion or development, adding further value to this already attractive investment. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property and its significant opportunities. The asking price is $1,150,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,815,371

  6.5%

  $4,444,958

  7%

  $4,127,461

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,771,978

  Geo Method

  $3,426,961

• Alternative Use

  Use

  Valuation

  Residential

  $5,511,748

  Hospitality

  $5,048,731

  Educational

  $4,200,485

  Medical

  $4,344,946

  Retail

  $6,534,088

Location Insight

City

Aberdeen

County

Grays Harbor

State

Washington

Latitude

46.9695

Longitude

-123.823

CBSA code

10140

CBSA name

ABERDEEN, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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