275 7Th AveSequim, WA 98382

  • Retail properties
  • 9,440 SF
For Sale
$1,650,000 View listing

Property Details for 275 7Th Ave

Year built
1982
Lot size
1.12 AC
Property size (Sq ft)
9,440 SF
Property type
Retail properties
Property subtype
Auto shops
APN
330193200090000
APU
330193200090000

Description

This exceptional turnkey business opportunity in Sequim, WA, presents a rare chance to acquire an established and profitable enterprise. Located at 275 S Seventh Avenue on a spacious 2.51-acre lot, this property boasts a thriving RV business encompassing sales, repair, and storage services. The existing infrastructure includes a well-equipped six-bay shop, providing ample space for repairs and maintenance. A dedicated exterior workspace complements the indoor facilities, offering additional flexibility for larger projects. The property benefits from substantial 3-phase power, ensuring sufficient capacity for all operational needs. A significant inventory of parts, including those for older RV models, is included in the sale, providing an immediate advantage for continued operations. The business enjoys a loyal customer base spanning Clallam and Jefferson counties, with a notable number of repeat national clients. Beyond the core RV business, significant additional income streams are possible through the existing RV storage facilities, a rentable house on the property, and readily available excess office space. The property's size and existing infrastructure offer considerable potential for expansion and diversification, making this a truly unique and compelling investment opportunity. The asking price is $1,650,000.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,743,056
    6.5%
    $3,455,128
    7%
    $3,208,334
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,231,160
    Geo Method
    $4,581,247
  • Alternative Use

    Use
    Valuation
    Residential
    $2,914,530
    Hospitality
    $2,669,694
    Educational
    $2,221,154
    Medical
    $2,297,543
    Retail
    $3,455,128
275 7Th Ave, Sequim, Washington

Location Insight

City
Sequim
County
Clallam
State
Washington
Latitude
48.0783
Longitude
-123.119
CBSA code
38820
CBSA name
PORT ANGELES, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,753
$337,978
$525,075
$863,053
-
$337,978
$525,075
$863,053

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