2917 Washington StVancouver, WA 98660

  • Office properties
  • 1,418 SF
For Sale
$1,200,000 View listing

Property Details for 2917 Washington St

Year built
1920
Construction
WOOD
Lot size
0.13 AC
Property size (Sq ft)
1,418 SF
Zone code
R-9 : VAN
Property type
Office properties
Property subtype
Other office properties
APN
008600-000
APU
8600000

Description

This meticulously remodeled, stand-alone office building presents a rare opportunity in the heart of downtown Vancouver, WA. Spanning two floors and totaling 1,909 square feet on a 0.13-acre lot, this property offers exceptional flexibility. Completely renovated within the last five years, the building boasts industrial modern finishes, including a new roof, electrical system, French drain, mini-split HVAC, updated kitchen, flooring, and doors. Custom glass doors enhance the modern aesthetic. The main floor, ADA accessible, features four separate entrances, ideal for sub-leasing and generating additional income. The interior layout includes two conference rooms, two private offices (one with exterior access), three private work areas, a waiting area/open workspace, a kitchenette/lounge area, and a dining area, making it suitable for various business models, including co-working spaces. A spacious private parking lot adds significant convenience. The building's location on Main Street provides easy access to local amenities and thriving businesses. The seller is willing to consider owner carry terms and is open to including the existing furniture in the sale. This is an exceptional investment opportunity for owner-users or those seeking a strong rental income stream. Don't miss this chance to acquire a prime piece of downtown Vancouver real estate. The asking price is $950,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $389,468
    6.5%
    $359,509
    7%
    $333,830
  • Comparable approach

    Method
    Valuation
    Relative Method
    $273,078
    Geo Method
    $273,078
  • Alternative Use

    Use
    Valuation
    Residential
    $445,791
    Hospitality
    $408,342
    Educational
    $339,736
    Medical
    $351,420
    Retail
    $528,478
2917 Washington St, Vancouver, Washington

Location Insight

City
Vancouver
County
Clark
State
Washington
Latitude
45.643
Longitude
-122.672
CBSA code
38900
CBSA name
PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,464
$121,400
$248,700
$370,100
-
$121,400
$248,700
$370,100

FAQs

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