3 Porter Creek RdElma, WA 98541

Property Details for 3 Porter Creek Rd

Year built

1912

Construction

STEEL FRAME

Lot size

0.08 AC

Property size (Sq ft)

1,927 SF

Zone code

G1

Property type

Bars

Property subtype

Pubs

APN

802000601800

APU

802000601800

Description

This unique investment opportunity encompasses a significant piece of Elma, WA history: the Porter Bar. Strategically located on Highway 12, this property boasts high traffic counts, ensuring excellent visibility and potential for a thriving business. The sale includes twelve parcels of land, a combination of vacant land and existing structures, including the historic Porter Bar and a former grocery store. This presents a rare chance to acquire a substantial commercial holding with diverse development possibilities. The property's prime location on a major highway offers exceptional exposure to a large customer base. The existing buildings provide a solid foundation for renovation or redevelopment, allowing for creative adaptation to suit a variety of commercial ventures. The substantial acreage offers ample space for expansion or additional development. Buyers are responsible for independently verifying lot sizes, property boundaries, zoning regulations, and any applicable use restrictions. This is a remarkable opportunity for an investor seeking a large-scale project with significant upside potential. Owner financing is available with a 20% down payment, making this an accessible investment for qualified buyers. Don't miss this chance to own a piece of Elma's rich history and shape its future. The property's potential is limited only by your imagination.

• CAP approach

  CAP return

  Valuation

  6%

  $766,533

  6.5%

  $707,569

  7%

  $657,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,302,215

  Geo Method

  $935,176

• Alternative Use

  Use

  Valuation

  Residential

  $596,861

  Hospitality

  $546,721

  Educational

  $454,866

  Medical

  $470,509

  Retail

  $707,569

Location Insight

City

Elma

County

Grays Harbor

State

Washington

Latitude

46.9394

Longitude

-123.311

CBSA code

10140

CBSA name

ABERDEEN, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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