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Listed by:Ken Barcus Realty • Alex Matthews
$ 989,000
Est. payment | /mo
4,356 Sqft Lot
$ 989,000
Est. payment | /mo
4,356 Sqft Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Colville
MLS Listing ID 2590989
Style 62 - Business Opp.
Year Built 1909
Annual Tax Amount $4,770
Lot Size 4,356 Sqft
Property Sub-Type Commercial Industrial
Property Description
Wonderful investment opportunity with this iconic mixed-use masterpiece! Includes 3 total commercial spaces and 4 fully rented residential apartments with a cap rate holding 6% even with under market rents! Recognized for its immense cultural value and iconic period storefront features, this building served for decades as a bustling retail and professional epicenter during Colville's transition into a booming timber, agricultural, and mining hub. Today, it stands upgraded, well maintained, and is ready for its next chapter. Boasting 4 immaculately clean, easy-to-manage apartments that featuring stable, long-term tenants, as well as 3 prime commercial units. The large retail space currently homes RE LEE Shoes which seeks a new owner operator - (Business and inventory for sale separately)
Location
State WA
County Stevens
Area 940 - Stevens County
Interior
Flooring Concrete, Vinyl
Fireplace false
Exterior
Roof Type Flat,See Remarks
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
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