2917 Washington StVancouver, WA 98660
- Office properties
- 1,418 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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