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135 E 1st AVE, Colville, WA 99114
135 E 1st AVE, Colville, WA 99114
135 E 1st AVE, Colville, WA 99114
40
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Listed by:Ken Barcus Realty • Alex Matthews
$989,000
Est. payment /mo
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4,356 Sqft Lot
Active

135 E 1st AVE Colville, WA 99114

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Henry Jamerson

Henry Jamerson

+1(206) 839-6096

UPDATED:

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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