16701 Mcgillivray BlvdVancouver, WA 98683

Property Details for 16701 Mcgillivray Blvd

Year built

1993

Lot size

2.24 AC

Property size (Sq ft)

30,050 SF

Zone code

OCI : VAN

Property type

Office properties

APN

121932-000

APU

121932000

Description

The Fisher Building, a highly visible two-story brick commercial building in Vancouver, Washington's desirable Fisher's Landing area, presents a unique retail opportunity. This 1,961 square foot building is currently entirely vacant, offering a blank canvas for a new tenant. Its strategic location provides exceptional accessibility, situated within one mile of both SR-14 and I-205, ensuring convenient access to Portland International Airport and the greater metro area. The surrounding area boasts a vibrant mix of dining, shopping, and service businesses, creating a bustling and attractive environment for customers. The building itself offers a professional and productive atmosphere, ideal for a variety of retail uses. Building amenities include a shared conference room, and separate men's and women's locker rooms. The property features ample parking, with a ratio of four spaces per 1,000 square feet. This is an exceptional chance to establish a business in a thriving community with excellent visibility and convenient access to major transportation routes. The entire building is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $9,354,000

  6.5%

  $8,634,460

  7%

  $8,017,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,787,030

  Geo Method

  $5,787,030

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,823,000

  Retail / Commercial

  $8,978,300

  Mixed-Use / Specialty

  $8,819,210

  Hospitality / Lodging

  $6,304,930

  Institutional / Educational

  $9,123,010

  Residential Income

  $10,673,900

  Multifamily

  $13,506,200

  Automotive / Energy

  $7,819,720

  Parking / Income-Based Land

  $2,824,040

  Restaurant / Food Service

  $4,315,740

  Healthcare / Senior Housing

  $9,174,250

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6038

Longitude

-122.501

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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