Washington Views by Darren Crossman

135 E 1st Ave – $989,000

135 E 1st Ave, Colville, WA 99114
ActiveMLS #46337$989,000
0.10 acres

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)

map of property
0.10 acres in Stevens County
In the town of Colville
Water System
Public water
Waste System
Public sewer, sewer connected
Section
9
Township
35
Range
39
Elevation on Map: 1,608 feet
Parcels: 0006800
Legal Description: COLVILLE ORIGINAL S 5' LOT 9 BLK 8; LOT 10 BLK 8 COLVILLE ORIGINAL
Lot Dimensions: 120x95
⁢2⁢0⁢6⁢2⁢2⁢9⁢2⁢0⁢4⁢9, Ken Barcus Realty
Terms
Cash • 1031 exchange • commercial
Available Documents: Exhibit A
Darren

To learn more about this commercial listing, contact Darren Crossman. Darren has many years of experience as a real estate invester and over twenty years of experience as a real estate agent.

Call Darren at (509) 675-0148 or enter your phone number or email address for a prompt response.


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135 E 1st Ave, Colville, WA 99114