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120 S Forks Ave

20,371 SF 100% Leased Retail Building Forks, WA 98331 £1,468,687 (£72/SF) 7.90% Net Initial Yield

Investment Highlights

  • Heavy daytime foot traffic
  • Unit Mix - 17 residential and 8 commercial units
  • Lots of Natural Light

Executive Summary

25 unit multi-family space (20,371 SF) available in excellent condition. Strong local demographics on high traffic Forks Ave. 7.9% cap with long term solid tenants. Unit Mix - 17 residential and 8 commercial units. Possible owner financing.

Attachments

Floor Plan

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,371 SF
Building Class
C
Year Built
1968
Price
£1,468,687
Price Per SF
£72
Net Initial Yield
7.90%
NOI
£116,026
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.00
Lot Size
0.47 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial - Commercial
Parking
17 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
166 ft on South Forks Ave

Amenities

  • Corner Lot
  • Air Conditioning
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(206) 550-9989

Contact

  • Listing ID: 31322540

  • Date on Market: 25/03/2024

  • Last Updated:

  • Address: 120 S Forks Ave, Forks, WA 98331

The Retail Property at 120 S Forks Ave, Forks, WA 98331 is currently available for sale. Contact Champions Real Estate for more information.

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© 2024 CoStar Group

120 S Forks Ave
(206) 550-9989 x

120 S Forks Ave

Bill Bickel

(206) 550-9989

(206) 550-9989

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