1953 7th Avenue, Longview, WA 98632
- $3,499,999
Listing courtesy of Woodford Commercial RE.
- List Price
- $3,499,999
- Status
- ACTIVE
- MLS#
- 2338091
- Price Change
- ▼ $100,000 1760052647
- Days on Market
- 476
- Annual Tax Ammount
- 17103
Property Description
If you're seeking exceptional cash flow, look no further. Pioneer Plaza presents a unique opportunity to acquire one of Longview’s premier state-occupied office complexes. This well-maintained building spans 13,950 SF across two floors, with convenient elevator access. Situated on 4 separate tax parcels, the property encompasses 51,130 SF of land. The complex underwent significant renovations in 2004 and 2019, along with multiple interior upgrades over the years. It boasts reliable long-term tenants and offers a strong, consistent income stream with an attractive 7.6% Cap Rate/Return. This is an outstanding opportunity to add a high-performing asset to your portfolio. Contact us today for further details.
/u.realgeeks.media/royal-t/RR_CS_Transparent.png){kind=spacer}
Additional Information
- Community
- Longview
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1953
- Roof
- Torch Down
- Potential Terms
- Cash, Conventional
- Flooring
- Laminate, Vinyl, Carpet
- Driving Directions
- I-5 North to WA-432 and continue onto Tennant Way. Turn Right on 7th Ave and the destination will be on your left.
- Other Expenses
- 28335
- Energy Source
- Electric
- Net Operating Income
- $267,079
- Gross Adjusted Income
- $322,945
- Gross Scheduled Income
- $322,945
- Cap Rate
- 7.6
- Total Expenses
- $55,866
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.