3061 Ocean Beach HwyLongview, WA 98632

Property Details for 3061 Ocean Beach Hwy

Year built

1969

Lot size

0.68 AC

Property size (Sq ft)

8,148 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

6660

APU

6660

Description

This exceptional 5,800 square foot, Class A commercial property, located at 3061 Ocean Beach Hwy, Longview, offers three suites for lease in a brand-new, single-story building completed in 2024. The building features a convenient location with high traffic counts and excellent visibility, anchored by a Starbucks. Spaces are available in flexible sizes ranging from 1,500 to 3,300 square feet, catering to diverse business needs. The property is zoned for General Commercial use and boasts ample parking. Suites can be delivered as a vanilla shell or fully built-out, ready for immediate occupancy. The minimum leasable space is 1,500 square feet. This is an unparalleled opportunity to establish your business in a thriving Longview commercial hub. Lease rates are dependent on the desired space size and build-out condition. Delivery is anticipated for the third quarter of 2025. The property's APN is 06660 and is conveniently located near Michigan Ave. No elevators are present in this single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $3,289,757

  6.5%

  $3,036,698

  7%

  $2,819,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,954,238

  Geo Method

  $3,954,238

• Alternative Use

  Use

  Valuation

  Residential

  $2,561,569

  Hospitality

  $2,346,383

  Educational

  $1,952,163

  Medical

  $2,019,301

  Retail

  $3,036,698

Location Insight

City

Longview

County

Cowlitz

State

Washington

Latitude

46.1472

Longitude

-122.964

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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