1312 Commerce AveLongview, WA 98632

Property Details for 1312 Commerce Ave

Year built

1928

Lot size

0.14 AC

Property size (Sq ft)

18,000 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

481

APU

481

Description

This exceptional Longview, WA property, located at 1310/1312 Commerce Avenue, offers 5,750 square feet of retail and restaurant space currently available for lease. The property consists of two contiguous units, each measuring 2,875 square feet, ideally suited for multiple tenants or a single large-scale operation. Unit 1310, a former bar, boasts an expansive open dining area, a substantial kitchen with a hood system, and a fully intact bar. Unit 1312, previously a restaurant, features a hood, grease trap, two walk-in refrigerators, high ceilings, and an open dining area. Both units benefit from excellent street visibility, ample parking at the front and rear of the building, and are situated in the heart of downtown Longview. Individual lease rates are $2,200 per month (Unit 1310) and $2,800 per month (Unit 1312), plus utilities. A discounted combined lease rate of $4,500 per month, plus utilities, is available for both units. While requiring renovation to suit individual tenant needs, qualified tenants may be eligible for incentives including free rent, reduced rates, and conversion to a vanilla shell. The property is located in Cowlitz County, WA, zip code 98632. This presents a unique opportunity for businesses seeking a high-visibility location in a thriving downtown area. The property's size and layout offer significant flexibility for a variety of retail and restaurant concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $7,267,504

  6.5%

  $6,708,465

  7%

  $6,229,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,735,429

  Geo Method

  $8,735,429

• Alternative Use

  Use

  Valuation

  Residential

  $5,658,841

  Hospitality

  $5,183,468

  Educational

  $4,312,584

  Medical

  $4,460,901

  Retail

  $6,708,465

Location Insight

City

Longview

County

Cowlitz

State

Washington

Latitude

46.1373

Longitude

-122.934

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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