613 11Th StVancouver, WA 98660

Property Details for 613 11Th St

Year built

1945

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

2,000 SF

Zone code

CX : VAN

Property type

Retail properties

Property subtype

Retail space

APN

050970-000

APU

50970000

Description

This exceptional commercial property, located at 613 W 11th Street in downtown Vancouver, Washington, presents a unique investment opportunity. Priced at $775,000, the building offers a substantial amount of space, including a full basement, providing ample room for various business needs. Its highly desirable location directly across the street from the courthouse ensures high visibility and convenient access to legal and government services. The building's condition is described as "extremely nice," suggesting a well-maintained structure ready for immediate occupancy. The current owners will vacate the premises upon the closing of the sale, allowing for seamless transition for the new owner. This property is ideal for a variety of commercial uses, benefiting from its central location and proximity to key city amenities. The absence of a listed square footage necessitates an in-person inspection to fully assess the building's dimensions and potential. The property sits on a lot with zero acres, indicating a compact urban footprint. This prime commercial space offers a blend of convenience, visibility, and potential, making it an attractive proposition for discerning investors seeking a foothold in the vibrant Vancouver, WA market. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $807,500

  6.5%

  $745,385

  7%

  $692,143

• Comparable approach

  Method

  Valuation

  Relative Method

  $970,603

  Geo Method

  $970,603

• Alternative Use

  Use

  Valuation

  Residential

  $628,760

  Hospitality

  $575,941

  Educational

  $479,176

  Medical

  $495,656

  Retail

  $745,385

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6293

Longitude

-122.678

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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