4015 Pacific WaySeaview, WA 98644

Property Details for 4015 Pacific Way

Year built

1940

Lot size

0.30 AC

Property size (Sq ft)

3,392 SF

Property type

Retail properties

Property subtype

Auto shops

APN

73026019002

APU

73026019002

Description

This exceptional commercial property, located at 4015 Pacific Wy SW in Seaview, Washington, 98644, presents a unique investment opportunity. The 12,870 square foot lot boasts a prime location on the busy Pacific Highway, ensuring high visibility and accessibility. The property features over 3,000 square feet of completely asphalted space, previously utilized as an auto shop, RV repair facility, auto/RV parts store, and beauty salon. Recent renovations have added a commercial kitchen and living areas, significantly expanding its potential uses. This versatility allows for a wide range of possibilities, including conversion into vacation rentals, apartments, offices, or a return to its previous uses. The asking price of $590,000 translates to an attractive price per square foot of $183, making this a compelling value proposition. The property's size and location, combined with its recent upgrades, make it an ideal investment for entrepreneurs and developers seeking a high-impact commercial space in a thriving area. The property is ready for immediate occupancy and offers significant upside potential for future development or expansion. This is a rare opportunity to acquire a well-situated, versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,134,064

  6.5%

  $1,046,828

  7%

  $972,055

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,688,253

  Geo Method

  $1,646,143

• Alternative Use

  Use

  Valuation

  Residential

  $883,039

  Hospitality

  $808,859

  Educational

  $672,961

  Medical

  $696,105

  Retail

  $1,046,828

Location Insight

City

Seaview

County

Pacific

State

Washington

Latitude

46.3321

Longitude

-124.055

Property Tax & Assessments

FAQs

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