297 Sussex AveTenino, WA 98589

Property Details for 297 Sussex Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

3,565 SF

Property type

Retail space

APN

5490-09-00801

APU

54900900801

Description

This prime commercial property in downtown Tenino, WA, boasts high visibility at a key business corner. The substantial stone building offers over 3500 square feet, currently divided into three separate units, but easily adaptable into a single large space. High ceilings (15 feet) and hardwood floors throughout create a versatile interior. Abundant natural light floods the space through windows on two sides, ideal for retail or other commercial uses. A commercial kitchen is already installed, presenting opportunities for cafГ© or restaurant operations. The property benefits from a brand new HVAC system, ensuring year-round comfort. Designated parking spaces are included, supplemented by ample street and public parking nearby. Its convenient location offers easy access to Tenino Park and the quarry pool, enhancing its appeal and potential for attracting customers. The property is subject to existing leases. This is a rare opportunity to acquire a well-situated, established commercial building in a thriving downtown area. The building's size, features, and location make it an excellent investment for a variety of commercial ventures. The high visibility and proximity to local amenities ensure strong potential for business success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,418,106

  6.5%

  $1,309,021

  7%

  $1,215,519

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,409,131

  Geo Method

  $1,730,100

• Alternative Use

  Use

  Valuation

  Residential

  $1,104,208

  Hospitality

  $1,011,448

  Educational

  $841,513

  Medical

  $870,454

  Retail

  $1,309,021

Location Insight

City

Tenino

County

Thurston

State

Washington

Latitude

46.8569

Longitude

-122.853

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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