405 Main StCoulee City, WA 99115

For Sale
$165,000

Historic building, high occupancy, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property at 405 West Main Street, Coulee City, WA 99115, presents a rare investment opportunity. The 5,016 square foot building sits on a 3,872 square foot lot (APN: 070276000) and boasts a 6.50% cap rate with 100% occupancy across four tenants. Originally constructed well over 100 years ago and fully remodeled in 1985 (including plumbing, electrical, and walls), this two-story building has a new roof (installed 12 years ago). Its prime location on Main Street, in a popular vacation destination near Banks Lake, ensures consistent demand. The building's rich history includes uses as a movie theatre, bakery, deli, grocery store, library, and more. Currently, the tenants include a mix of storefront and office spaces. One tenant occupies a fitness center, which historically generated over $1,500 in monthly income but is currently rented for $300/month, offering significant rental upside. The property benefits from low electricity costs in Grant County, Washington. This is a chance to acquire a well-maintained, historically significant property with a proven track record of success and substantial potential for future growth. The asking price is $165,000.

Highlights

  • Completely renovated in 1985 (plumbing, electrical, and interior). New roof installed 12 years ago.
  • 47 years of continuous, 100% occupancy.
  • Highly visible, community landmark building.
  • Prime location near Banks Lake, a popular vacation destination.
  • Existing fitness center equipment included; generates potential monthly income exceeding $1500.
  • Versatile property with a rich history of diverse commercial uses.

Property Details for 405 Main St

Property type
Other retail properties, Individual retail properties
Square Feet
5,016 SF
Year Renovated
1985
Stories
2

Location Insight

City
Coulee City
County
Grant
State
Washington
Latitude
47.6108599
Longitude
-119.2934214
405 Main St, Coulee City, Washington

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405 Main St
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