New ListingWonderful investment opportunity with this iconic mixed-use masterpiece! Great building with 3 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 store front 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, maintained, and is ready for its next chapter. Boasting 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 OR can be offered vacant. (Business and inventory are for sale separately.) Owner is open to SELLER FINANCING upon approval.
| MLS # | 2600677 |
|---|---|
| Listing Type | For Sale |
| Building Name | Downtown |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 5 |
| Listing Provided By | Ken Barcus Realty | Alex Matthews |
| SQ Feet | 14,301 |
|---|---|
| Story(s) | 3 |
| Units | 6 |
| Zoning | Business,Commercial,Multi-Family |
| Acreage | 0.10 |
| Property View | Yes |
| Property | 4770 |
|---|
| State | WA |
|---|---|
| County | Stevens |
| City | Colville |
| Zip Code | 99114 |
| Area | 940 Stevens County |
| Community Name | Colville |
| School District | Colville Snr High |
| Elementary School | Hofstetter Elem |
| High School | Colville Snr High |
| Listing VS Median (in Colville) | |
Price: $989,000 low | high Med: $389,900 sqft: 14,301 low | high Med: 2,304 $ / sqft: $69 low | high Med: $169 On site: 5 low | high Med: 181 | |
| State | WA |
|---|---|
| County | Stevens |
| City | Colville |
| Zip Code | 99114 |
| Area | 940 Stevens County |
| Community Name | Colville |
| School District | Colville Snr High |
| Elementary School | Hofstetter Elem |
| High School | Colville Snr High |
| Listing VS Median (in Colville) | |
Price: $989,000 low | high Med: $389,900 sqft: 14,301 low | high Med: 2,304 $ / sqft: $69 low | high Med: $169 On site: 5 low | high Med: 181 | |