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Holos Building 1152 Commerce Ave

5,600 SF 100% Leased Retail Building Longview, WA 98632 £473,216 (£85/SF) 7.21% Net Initial Yield

Investment Highlights

  • Updated fully remodled building

Executive Summary

Ideally located investment property in the heart of Longview’s downtown core. This building is 5,600 SF that sits on a 6,000 SF lot. This building is highly visible with recent completion of exterior paint and Natural Cedar Siding. Major remodel in 2023 with updated tenant improvements and long-term leases. New roof, New HVAC, New lighting and electrical, so call today to reserve a private tour of this excellent investment property.

Attachments

1152 Commerce_Sale Flyer 04.26.2024

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,600 SF
Building Class
B
Year Built/Renovated
1931/2023
Price
£473,216
Price Per SF
£85
Net Initial Yield
7.21%
NOI
£34,119
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.93
Land Acres
0.14 AC
Zoning
Downtown Core
Parking
4 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
50 ft on Commerce Ave

Amenities

  • 24 Hour Access
  • Bus Route

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Gifted
  • Retailer
  • 2,700 SF
  • £5.96
  • Triple Net
  • Nov 2027
  • Holos Yoga
  • Arts, Entertainment, and Recreation
  • 2,900 SF
  • £6.21
  • Triple Net
  • Jan 2027
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Gifted Retailer 2,700 SF £5.96 Triple Net Nov 2027
Holos Yoga Arts, Entertainment, and Recreation 2,900 SF £6.21 Triple Net Jan 2027
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Walk Score ®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

CrossFit
Curves
Safeway
WW
Bank of America
Umpqua Bank
U.S. Bank
KeyBank
The YMCA
Heritage Bank

PROPERTY TAXES

Parcel Number 0-1593 Improvements Assessment £95,639
Land Assessment £47,401 Total Assessment £143,039

PROPERTY TAXES

Parcel Number
0-1593
Land Assessment
£47,401
Improvements Assessment
£95,639
Total Assessment
£143,039
(360) 501-5500 x201

  • Listing ID: 31616513

  • Date on Market: 25/04/2024

  • Last Updated:

  • Address: 1152 Commerce Ave, Longview, WA 98632

The Retail Property at 1152 Commerce Ave, Longview, WA 98632 is currently available For Sale. Contact Woodford Commercial Real Estate for more information.

Nearby Listings

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1152 Commerce Ave, Longview, WA for sale Primary Photo- Image 1 of 13
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1152 Commerce Ave, Longview, WA for sale Building Photo- Image 9 of 13
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© 2024 CoStar Group

Holos Building | 1152 Commerce Ave
(360) 501-5500 x 201

Holos Building | 1152 Commerce Ave

Todd Wade

(360) 501-5500

x201

(360) 501-5500 x201

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