716 E Main St - Storefront Retail/Office FOR SALE


Othello, WA 99344
$749,000 USD
509-331-4566
716 E Main St, Othello, WA for Sale
$749,000 USD
Storefront Retail/Office - FOR SALE
1/20
null | Request Cap Rate

716 E Main St
Othello, WA 99344


HIGHLIGHTS

  • This property is located on one of the main intersections of Othello at 7th Avenue and Main Street giving all businesses high exposure to the public.

OVERVIEW

This property is located at 7th Avenue and Main Street. The location is on one of the main intersection thoroughfares of Othello giving all businesses high exposure to the public. The property is 4,884 sf divided into 5 rental units. There are four current tenants occupying 3,434 sf, beauty salon, driving school, massage therapist and lash/brow/tanning salon with a vacant 5th area, 1,339 sf, that could be used as a storage or distribution center. There are 12 paved parking spaces in front of the building with three to four additional street parking spaces located on Main Street with 3 additional street parking spaces on 7th Avenue for the two offices and two paved parking spaces along the alley. The exterior finish is concrete block with updated flat roof cover. The buiding was built in 1965 with recent interior and exterior improvements. The Appraiser lists the overall condition of the building as good. The building contains commercial carpet or wood and vinyl flooring throughout. The interior walls are drywall with wood trim. Each unit contains its own HVAC system and a half bathroom. • Roofs on 3/4 of building are white TP membrane roofing installed in 2007 (30-year roof). Roof on 1/4 of building, Studio 7, is a white silicone roof and was installed in 2023 (10-year warranty). All roofs are in great shape and have no leaks. All rain and snow roof drainage goes into gutters with down spouts going to the west side and the south side of the building. • The exterior was painted in 2022. • A new sidewalk and industrial steel railing were installed in front of the building in 2021. • HVAC systems are maintained by contract with Basin Refrigeration, Moses Lake, WA twice a year; fall/spring. We have had the same service tech for 7 years and he knows the systems well. • Both offices on 7th Avenue have been updated with paint, flooring, and plumbing in 2023. • Cruisers Driving Academy and Studio 7 were remodeled in the last 5-10 years. • Utilities include City water, sewer and garbage; Cascade Natural Gas for heat and water heater, Avista for power. • All renters have current lease agreements.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dorothy Klingeman Property Trust

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Commercial-2

APN/PARCEL ID

1529030716001

ASK ABOUT THIS PROPERTY

Susan HuntzingerDorothy Klingeman Property TrustMore Info
509-331-4566

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Susan HuntzingerDorothy Klingeman Property TrustMore Info
509-331-4566

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.