3504-3536 NE 3rd Ave - Retail FOR SALE


Camas, WA 98607- Outlying Vancouver
$6,000,000 USD
503-318-7577
3504-3536 NE 3rd Ave, Camas, WA for Sale
$6,000,000 USD
Retail - FOR SALE
1/16
null | 7% Cap Rate

3504-3536 NE 3rd Ave
Camas, WA 98607
Outlying Vancouver


HIGHLIGHTS

  • Eight tenant spaces featuring a mix of service, convenience, and showroom uses.
  • Below-market rents with 3–4% annual increases provide income growth potential.
  • Excellent location with strong access to Highway 14 and surrounding neighborhoods.
  • Additional ±32,670 SF of land available for future development or expansion.
  • Camas market projected to experience 40% job growth over the next 10 years.

OVERVIEW

One Stop Shopping Center presents an attractive owner/user or investor opportunity in the growing Camas market. This ±38,850 SF retail center is situated on ±2.44 acres and offers a diverse tenant mix of service, convenience, and showroom users. Currently 72% occupied, the property provides immediate income with upside potential through lease-up and rent adjustments. Existing leases feature below-market rents with 3–4% annual increases, creating a path for enhanced returns. The center benefits from excellent visibility and accessibility, positioned near Highway 14 and surrounded by established neighborhoods and local businesses. Future development potential exists with ±32,670 SF of additional land on the south parking lot, offering expansion or redevelopment options. Camas is experiencing strong economic growth, with job projections indicating a 40% increase over the next decade, further supporting retail demand. Priced at $6,000,000 with a 7.00% cap rate, this property combines stable cash flow with long-term value creation opportunities in a dynamic submarket.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

One Stop Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

240

LAND DETAILS

CROSS STREETS

NE 3rd St & 6th Ave

LAND ACRES

2.52 AC

LAND SF

109,560 SF

ZONING

RC

APN/PARCEL ID

091045-570,986027-124,986027-125

ASK ABOUT THIS PROPERTY

Todd Van DomelenNorris & Stevens, Inc.More Info
503-318-7577

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Todd Van DomelenNorris & Stevens, Inc.More Info
503-318-7577

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