1338 Commerce Ave - Office FOR SALE


Longview, WA 98632- Downtown Longview
$7,700,000 USD
360-560-3165
1338 Commerce Ave, Longview, WA for Sale
$7,700,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

1338 Commerce Ave
Longview, WA 98632
Downtown Longview


OVERVIEW

• Rare opportunity to purchase a mixed-use building (office/retail) in downtown Longview. • The Bowers Building is strategically located on the corner of Commerce Ave and Broadway St, which considered the historic “First and Main” for Longview’s commercial core. • With approx. 47,700 SF of rentable space, the current tenant mix includes national, regional and local tenants occupying a variety of sizes with most occupying less than 5% of the GLA of the building. • The property also features an 18,000 SF private parking lot in the rear of the building, which is a rarity in downtown Longview. • The vacancy rate for office space in Longview currently sits below 5%, well below both the national average and the greater Portland area. • Priced at $7,700,000 (or approximately $161/SF) • Contact Listing Broker for current Rent Roll and Financials.

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bowers Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

D-C

APN/PARCEL ID

0-0485

ASK ABOUT THIS PROPERTY

Paul YoungWindermere Northwest LivingMore Info
360-560-3165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Paul YoungWindermere Northwest LivingMore Info
360-560-3165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.