138 State StMossyrock, WA 98564

Property Details for 138 State St

Year built

1935

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

2,128 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

8700019000

APU

8700019000

Description

This exceptional 3,808 square foot commercial property, located at 138 E State Street in Mossyrock, WA, presents a remarkable investment opportunity. Situated on Main Street between Riffe and Mayfield Lake, this building enjoys excellent visibility and accessibility off Highway 12. Originally a fire station, its rich history is complemented by significant recent upgrades. A complete structural engineering update, completed in 2022, ensures compliance with current building codes. The electrical system is entirely new, featuring a robust 400-amp breaker box with three panels, and pre-wiring for up to ten TV mounts, ideal for security and entertainment. Plumbing has also been entirely replaced. The building boasts a brand-new roof with a 40-year warranty. The interior is framed and ready for finishing, offering considerable flexibility. The existing layout includes designated spaces for a bar, kitchen, office, cooler, and utility room, suggesting a restaurant/lounge concept with potential for a drive-through. However, the four roll-up doors and three entry doors offer endless possibilities for diverse commercial uses. This property is a blank canvas for a creative entrepreneur seeking a prime location and a solid foundation for their business venture. The 0-acre lot provides ample space for potential expansion or outdoor amenities. The asking price is $278,000.

• CAP approach

  CAP return

  Valuation

  6%

  $846,488

  6.5%

  $781,373

  7%

  $725,561

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,438,045

  Geo Method

  $1,032,722

• Alternative Use

  Use

  Valuation

  Residential

  $659,118

  Hospitality

  $603,748

  Educational

  $502,311

  Medical

  $519,587

  Retail

  $781,373

Location Insight

City

Mossyrock

County

Lewis

State

Washington

Latitude

46.5292

Longitude

-122.484

CBSA code

16500

CBSA name

CENTRALIA, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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