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109 W. Main Street, Elma WA 109 Main 2,268 SF Vacant Retail Building Elma, WA 98541 $407,908 CAD ($179.85 CAD/SF) 5.72% Cap Rate
Investment Highlights
- Heavy Traffic
- Great Location - Attractive Building
- Multiple Tenant Options
- Lots of Parking and Detached Garage
Executive Summary
This is the perfect commercial investment property for you! This building has been family owned for over 35 years and offers multiple uses for tenants. There is currently a hair salon and contractor's office on the main floor and a one bedroom, one bathroom residential apartment on upper floor. The building has been updated inside and out over the years, including newer roof, interior and exterior paint, newer flooring, all bathrooms are updated, newer light fixtures, the list goes on!!!! There is also a 576 square foot garage that is separated into 2 storage spaces. Great location in the heart of Elma.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$23,135
|
$10.20
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $23,135 |
| Annual Per SF | $10.20 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
2,268 SF
Year Built
1889
Price
$407,908 CAD
Price Per SF
$179.85 CAD
Cap Rate
5.72%
NOI
$23,339 CAD
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.18 AC
Zoning
Commercial - Zoned Commercial within the City limits of Elma.
Frontage
63’ on W. Main Street
Amenities
- Signage
- Storage Space
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 043000100301 | Improvements Assessment | $176,925 CAD (2025) |
| Land Assessment | $119,321 CAD (2025) | Total Assessment | $296,246 CAD (2025) |
Property Taxes
Parcel Number
043000100301
Land Assessment
$119,321 CAD (2025)
Improvements Assessment
$176,925 CAD (2025)
Total Assessment
$296,246 CAD (2025)
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109 W. Main Street, Elma WA | 109 Main
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