206 State StMossyrock, WA 98564

Property Details for 206 State St

Year built

1937

Construction

WOOD

Lot size

0.27 AC

Property size (Sq ft)

4,000 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

8700100000

APU

8700100000

Description

This exceptional commercial property, located at 206 E State Street in the heart of Mossyrock, WA, presents a unique investment opportunity. The historic Burley Hall boasts over 11,000 square feet of space distributed across three floors, plus a full basement. Its prime downtown location offers excellent visibility and accessibility. Currently configured as a retail space on the ground floor and an event center on the second floor, this versatile building is adaptable to a wide range of uses. Imagine the possibilities – a thriving wedding venue, a multi-tenant commercial complex, or a unique combination of both. The substantial square footage allows for ample expansion and customization to suit your specific business needs. The building's historic character adds undeniable charm and appeal, providing a strong foundation for a successful venture. The property is offered at $395,000, representing a significant value for a building of this size and location. The existing event center setup provides a head start for those seeking immediate revenue generation. This is a rare chance to acquire a landmark building in a growing community, offering both immediate income potential and long-term growth prospects. The property sits on a 0-acre lot. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,591,142

  6.5%

  $1,468,747

  7%

  $1,363,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,703,093

  Geo Method

  $1,941,206

• Alternative Use

  Use

  Valuation

  Residential

  $1,238,943

  Hospitality

  $1,134,865

  Educational

  $944,194

  Medical

  $976,667

  Retail

  $1,468,747

Location Insight

City

Mossyrock

County

Lewis

State

Washington

Latitude

46.5292

Longitude

-122.483

CBSA code

16500

CBSA name

CENTRALIA, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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