305 Whitcomb AveTonasket, WA 98855

  • Gas stations
  • 2,156 SF
For Sale
$498,000 View listing

Property Details for 305 Whitcomb Ave

Year built
1955
Lot size
0.40 AC
Property size (Sq ft)
2,156 SF
Property type
Gas stations
APN
2420110100
APU
2420110100

Description

This exceptional commercial property, situated in the heart of Tonasket, Washington on Highway 97, presents a unique redevelopment opportunity. The property comprises five contiguous city lots, each measuring 25 feet by 140 feet, totaling 125 feet by 140 feet, offering ample space for a variety of commercial ventures. Originally developed in 1955 as a Phillips 66 service station, the site has undergone significant environmental remediation. All underground tanks and hoists have been removed, and the soil has been certified clean by ACT Able Clean-Up Technologies, Environmental Services, Spokane, WA (certification documentation available upon request). The property boasts upgraded electrical and plumbing systems, ensuring modern infrastructure is in place. A new sloped metal roof replaces the previous flat roof, enhancing durability and longevity. A newly constructed retaining wall at the rear of the property adds to its stability and functionality. This centrally located parcel offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in Tonasket. The clean slate and improved infrastructure provide a solid foundation for a diverse range of commercial developments.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $645,802
    6.5%
    $596,125
    7%
    $553,545
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,158,396
    Geo Method
    $1,158,396
  • Alternative Use

    Use
    Valuation
    Residential
    $502,854
    Hospitality
    $460,612
    Educational
    $383,223
    Medical
    $396,403
    Retail
    $596,125
305 Whitcomb Ave, Tonasket, Washington

Location Insight

City
Tonasket
County
Okanogan
State
Washington
Latitude
48.7051
Longitude
-119.439

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
-
$33,100
$45,700
$78,800
-
$33,100
$45,700
$78,800

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