121 High StCentralia, WA 98531

Property Details for 121 High St

Year built

1955

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

954 SF

Property type

Office properties

APN

3416103001

APU

3416103001

Description

This exceptional investment opportunity presents a substantial 41,000 square foot property situated on three separate parcels totaling 0.96 acres at 121 E High Street in Centralia, WA. The property boasts a prime location, conveniently situated near I-5 Exit #82, serving as a gateway to the city. The main asset is a large commercial building currently housing four rented spaces, with one additional space available for immediate lease-up. Current rental income is significantly below market value, presenting a substantial opportunity for increased profitability. The property also includes a 2,721 square foot residential home in fair condition, featuring three bedrooms, one and three-quarter bathrooms, a large stone fireplace, and two additional office rooms. A double garage completes the residential component. Ample parking is provided with over 20 spaces. This property has been privately held since the 1980s and represents a rare chance to acquire a well-established, income-generating asset with significant upside potential. The asking price is $1,200,000. Note that two adjacent parcels totaling 5+ acres of C2 commercially zoned land are also available for purchase separately. This presents a unique opportunity to expand the property footprint significantly.

• CAP approach

  CAP return

  Valuation

  6%

  $258,155

  6.5%

  $238,297

  7%

  $221,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $255,828

  Geo Method

  $183,721

• Alternative Use

  Use

  Valuation

  Residential

  $295,488

  Hospitality

  $270,665

  Educational

  $225,190

  Medical

  $232,935

  Retail

  $350,296

Location Insight

City

Centralia

County

Lewis

State

Washington

Latitude

46.7264

Longitude

-122.974

CBSA code

16500

CBSA name

CENTRALIA, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].