121 Park StAberdeen, WA 98520

Property Details for 121 Park St

Year built

1925

Construction

STEEL FRAME

Lot size

0.15 AC

Property size (Sq ft)

1,460 SF

Property type

Retail space

APN

11000900101

APU

11000900101

Description

This exceptional commercial property, located at 121 N Park Street in Aberdeen, WA, presents a unique investment opportunity. The 0.15-acre lot features a ground-floor storefront with high traffic visibility, ideal for a variety of retail or service businesses. Adding to its income potential, the building also includes two separate one-bedroom apartments located upstairs. Currently, all units are vacant, allowing a new owner to customize the space to their needs and maximize rental income. While the building requires some upgrading, this presents a chance to add value and personalize the property. A sizable parking lot is conveniently situated on the south side of the building, providing ample space for customers and residents. The property's location and potential for both commercial and residential income make it an attractive investment. The seller is offering owner financing with a substantial down payment to qualified buyers, making this an accessible opportunity for those seeking a commercial property at an affordable price. This is a rare chance to acquire a "jewel in the rough" and create a thriving business and/or rental income stream. Don't miss this chance to own a piece of Aberdeen's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $580,767

  6.5%

  $536,093

  7%

  $497,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $986,629

  Geo Method

  $708,540

• Alternative Use

  Use

  Valuation

  Residential

  $452,214

  Hospitality

  $414,226

  Educational

  $344,631

  Medical

  $356,483

  Retail

  $536,093

Location Insight

City

Aberdeen

County

Grays Harbor

State

Washington

Latitude

46.9713

Longitude

-123.828

CBSA code

10140

CBSA name

ABERDEEN, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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