1124 Washington WayLongview, WA 98632

Property Details for 1124 Washington Way

Year built

1961

Lot size

0.14 AC

Property size (Sq ft)

4,062 SF

Property type

Turn key restaurants

APN

9501

APU

9501

Description

This exceptional restaurant/bar opportunity is located in the heart of Longview, WA's bustling commercial district at 1124 Washington Way. The 4,062 square foot building sits on a spacious 12,000 square foot lot (28 acres total land), offering excellent visibility and accessibility. Recent exterior painting enhances the property's curb appeal, complemented by prominent signage in a high-traffic area boasting over 25,000 vehicles per day. The interior features abundant natural light and a well-designed layout encompassing dining, bar, and kitchen spaces. The property's zoning allows for diverse uses, providing flexibility for potential tenants. Personal property, including existing restaurant equipment, may be included in the lease agreement. The asking rent is $4,500 per month, plus triple net charges. This is a rare chance to secure a prime commercial property in a thriving location. Schedule a viewing today to explore the possibilities. APN: 09501, Cowlitz County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,640,033

  6.5%

  $1,513,877

  7%

  $1,405,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,971,295

  Geo Method

  $1,971,295

• Alternative Use

  Use

  Valuation

  Residential

  $1,277,012

  Hospitality

  $1,169,736

  Educational

  $973,207

  Medical

  $1,006,677

  Retail

  $1,513,877

Location Insight

City

Longview

County

Cowlitz

State

Washington

Latitude

46.1428

Longitude

-122.932

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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