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1953 7th Ave
Longview, WA 98632

  • $2,425,000
  • STATUS: Pending
  • ON SITE: 388 days
  • ID#: 902777
Under Contract
UPDATED: 28 min ago
$2,425,000
  • 0
    BEDS
  • 1.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1978
County:
Area:

School Ratings & Info

Listing Courtesy of Woodford Cre.

Description

Want excellent cash flow, look no farther. Pioneer plaza offers an investor the opportunity to own one of the nicer office complex's in Longview. This building consists of 13,950 SF over two floors with elevator service. It sits on 4 separate tax parcels totaling 51,130 SF of land. Complex was remodeled in 2004. Great long term leasing tenants and fantastic income with an 8.97% Cap/ Return rate and a 18.3% Cash on Cash return rate. Detailed financials available upon request.

The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2017-03-25T13:15:38.387.

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www.home4investment.com/homes/60259472

1953 7th Ave Longview, WA 98632

  • Price: $2,425,000
  • Status: Pending
  • Updated: 28 min ago
  • ID#: 902777
0
Beds
0
Baths
0
½ Baths
1.17
Acres
1978
Built
Neighborhood:
Longview
County:
Cowlitz
Area:
West Kelso
Property Description
Want excellent cash flow, look no farther. Pioneer plaza offers an investor the opportunity to own one of the nicer office complex's in Longview. This building consists of 13,950 SF over two floors with elevator service. It sits on 4 separate tax parcels totaling 51,130 SF of land. Complex was remodeled in 2004. Great long term leasing tenants and fantastic income with an 8.97% Cap/ Return rate and a 18.3% Cash on Cash return rate. Detailed financials available upon request.
Exterior Features

Building Condition Very Good Exterior BrickCement/ConcreteWood Lot Depth 0 Lot Topography And Vegetation Level Roof Built-Up Site Frontage 0 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

Interior Features

Building Sq Ft 13950 Floor Covering Ceramic TileVinylWall to Wall Carpet Heating And Cooling Heat Pump Office Sq Ft 0 Total Sq Ft Rented 0

Property Features

Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 8.05 Commercial Features Elevator Electrical Expenses 1200 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Office Gross Adjusted Income 250686 Gross Rent Multiplier 11 Gross Scheduled Income 250686 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3500 Net Operating Income 217460 Other Expenses 6727 Possession Closing Power Company Cowlitz Pud Power Service Amps 0 Sewer Sewer Connected Sewer Company City Of Longview Tax Amount 15569 Tax Year 2015 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 33226 Total Expenses TEX 33226 Total Monthly Rent 20890 Vacancy Rate 0 Water Company City Of Longview Water Sewer Garbage 6230 Water Source Public Zoning Jurisdiction City

Listing information © 2017 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2017-03-25T13:15:38.387.

Click here for Digital Millennium Copyright Act
Ben Kinney Real Estate Team - Keller Williams Western Realty
2211 Rimland Drive Suite 124
Bellingham WA, 98226
Listing Courtesy of Woodford Cre.