4200 Spirit Lake HwySilverlake, WA 98645

Property Details for 4200 Spirit Lake Hwy

Year built

1955

Lot size

0.47 AC

Property size (Sq ft)

1,374 SF

Property type

Office properties

Property subtype

Office buildings

APN

WG2603007

APU

WG2603007

Description

This exceptional commercial property, located at 4200 Spirit Lake Highway in Silverlake, WA, presents a unique investment opportunity. The 1,374 square foot building boasts a versatile layout perfect for a variety of businesses. Enjoy breathtaking views of Silverlake and Mount St. Helens from this updated office space. The interior features a flexible floor plan including a small kitchen area, a dedicated meeting room, and a spacious open workspace, providing ample room for employees and clients. The property sits on a 0.47-acre lot, offering a compact parking area with potential for expansion to accommodate future growth. Its prime location ensures high visibility, benefiting from both local and tourist traffic. The property is offered at $367,000 and includes existing signage, making it ready for immediate occupancy. Whether you're seeking to establish a new business or relocate an existing one, this property offers a turnkey solution in a picturesque setting. The combination of stunning views, convenient amenities, and a desirable location makes this an exceptional opportunity for a discerning buyer. This is a rare chance to own a well-maintained, updated commercial space in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $377,383

  6.5%

  $348,353

  7%

  $323,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $264,605

  Geo Method

  $264,605

• Alternative Use

  Use

  Valuation

  Residential

  $431,958

  Hospitality

  $395,671

  Educational

  $329,194

  Medical

  $340,515

  Retail

  $512,080

Location Insight

City

Silverlake

County

Cowlitz

State

Washington

Latitude

46.3192

Longitude

-122.776

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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