217 S Tower Centralia, WA $ 1,350,000
217 S Tower
$ 1,350,000
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217 S Tower

Centralia, WA, 98531
$ 1,350,000
Baths0.0

Monthly Estimate*

$ 9,430

Listed by RE/MAX Key Land Co.
217 S Tower, Centralia, WA 98531 - Image 1
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217 S Tower, Centralia, WA 98531 - Image 4
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217 S Tower, Centralia, WA 98531 - Image 10
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217 S Tower, Centralia, WA 98531 - Image 13
Studio

Commercial Property for sale in Centralia, WA

for $1,350,000. This building was built in 1926 on a lot size of 0.2617.

Excellent hands-off investment returning a steady 7.6% cap rate from long-term tenants. Or, if you want to use the ballroom and related facilities yourself, the upstairs tenant could withdraw to a nearby facility. The structure is very well kept, has a new roof, recent mechanicals and virtually no deferred maintenance. All the taxes, insurance etc is paid by the tenants. The ground floor is occupied by a long-established beauty college.

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Commercial Active

Price

$ 1,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Comm Bldg Ovr 10K

Lot Size

0.2617

Year Built

1926

Town/City

Centralia

County/Region

Lewis

MLS | Web ID

2156181

Features
General
Interior Features Fir/Softwood Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Ductless HP-Mini Split Forced Air Heat Pump
Cooling Ductless HP-Mini Split Forced Air
Possession Closing Tenant's Rights
Roof Built-Up Composition
Exterior Features Brick Cement/Concrete
HOA 0
Year Built 1926
Topography Level
Property SubType Commercial Industrial
Tax Year 2023
County Lewis
Net Operating Income 103200
Insurance Expense 0
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Centralia
Possible Use Commercial
Building Features Disabled Access Elevator Signage Included
Special Listing Conditions None
Status Active
Directions Exit 81 from I-5 easterly into Centralia on Mellon-Alder-Cherry left on Tower to address on left.
City Centralia
Buyer Agent Compensation 2
Senior Community Y/N N
Total Units 3
MLS Area 426 - Centralia
Lot Size Square Feet 11400
Carport Y/N N
Street Name Tower
Listing Terms Cash Out Conventional
Tax Annual Amount 0
Electric Expense 0
Fuel Expense 0
Property Condition Very Good
Public Remarks Excellent hands-off investment returning a steady 7.6% cap rate from long-term tenants. Or if you want to use the ballroom and related facilities yourself the upstairs tenant could withdraw to a nea
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company City of Centralia
Total Actual Rent 8600
Zoning Class Commercial
Water Sewer Garbage 0
Property Style 61 - Comm Bldg Ovr 10K
Cap Rate 7.6
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Interior
Flooring Softwood Hardwood Vinyl Vinyl Plank Carpet
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Living Area Units Square Feet
Power Production Type Electric Natural Gas
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Exterior
Water Source Public
Total Parking 11
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 56 X 160
Lot Size Acres 0.2617
Lot Size Units Square Feet
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 56
Parking Uncovered Total 11
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Internal Only
OriginalMLSID NWM2156181
Street Number 1 217
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* Excluded Features
List By
Scott Horner

Listing Agent

Re/Max Key Land Co.

Broker

Affordability Calculator

$9,430
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,430
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/3/2023$1,350,000 -10.00% Price Down
9/1/2023$1,500,000 Listed Price

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217 S Tower, Centralia, WA, 98531 is a Commercial Property for sale at $1,350,000 with a lot size of 0.2617. 217 S Tower is a studio with 0.0 baths and was built in 1926. The property's zip code is 98531 which is in Centralia, WA