1801 1St AveLongview, WA 98632

For Sale
$399,000

13,367 SF Medical Office, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 13,367 square foot Class B medical office building located at 1801 1st Ave, Longview, Washington, 98632. Currently housing a leased 2,000 square foot dental office, this property offers a compelling return on investment. The building, constructed in 1996, sits on a 1.57-acre lot and is zoned RF1. The dental office features four operatories, a lab area, an X-ray area, a reception and waiting area, a private office, a kitchenette, and two restrooms. Ample parking is available in a large private lot. The property is being offered at $399,000, below its October 2024 appraised value of $450,000. The tenant is responsible for all expenses, including condo association dues, creating a high existing cap rate with significant upside potential upon lease expiration. This rare opportunity allows for immediate income generation with the potential for increased returns in the future, whether through lease renewal or new tenancy. The property's location in Cowlitz County, Washington, provides convenient access to local amenities and a strong patient base.

Property Details for 1801 1St Ave

Property type
Other office properties, Medical offices
Square Feet
13,367 SF
Class
B
Year Built
1996
Lot Size (sq. ft)
68,389 SF

Location Insight

City
Longview
County
Cowlitz
State
Washington
Latitude
46.1407263
Longitude
-122.9185363
1801 1St Ave, Longview, Washington

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1801 1St Ave
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