305 Whitcomb AveTonasket, WA 98855
- Gas stations
- 2,156 SF
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
Location Insight
- City
- Tonasket
- County
- Okanogan
- State
- Washington
- Latitude
- 48.7051
- Longitude
- -119.439
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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