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Listing provided by NWMLS, courtesy of Blade Realty LLC

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MLS# 1560624
Built 1900
0.21 acres
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    Description:   Iconic Field and Lease Building. 2 story, mixed use, with 5 storefront/retail suites, 6 second floor offices & 1600 sq ft Penthouse apartment. Very stable occupancy in desirable downtown historic district. The building is 17% owner occupied. Strong cap rate with several long term successful retailers. Leases are on modified gross expense structure. Elevator is not operating and is need of repair.


    Approx. Sq Ft: 0 ft²
    Approx. Office Sq Ft: 16,000 ft²
    Approx. Whse/Mfg Sq Ft: 0 ft²
    Approx. Building Sq Ft: 18,050 ft²
    Energy Source: Electric, Natural Gas
    Floor Covering: Hardwood, Vinyl, Wall to Wall Carpet
    Features: Elevator, Storage


    Sewer: Sewer Connected


    City: Centralia
    State: WA
    Zip Code: 98531
    Area: 426
    County: Lewis
    Latitude: 46.71650400
    Longitude: -122.95454400


    Year Built: 1900
    Foundation: Poured Concrete
    Roof: Flat
    Exterior: Cement/Concrete, Stone
    Power Service in AMPS: 0


    Depth of Lot: 0
    Lot Sq Ft: 9,148 ft²


    Community Name: Centralia
    Number of Available Pads: 0
    General Zoning Classification: Commercial, Office, Retail
    Zoning Jurisdiction: City
    Site Frontage: 0


    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $7,556
    Electrical Expenses: 0
    Total Expenses: 17620
    Tax Year: 2020
    Gross Scheduled Income: 105000
    Vacancy Rate: 10
    Gross Adjusted Income: 87380
    Total Expenses: 17620
    Net Operating Costs: 86318
    Cap Rate -NOI div LP: 7.00


    Features: Elevator, Storage

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    Listing provided by NWMLS, courtesy of Blade Realty LLC