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223 S Lewis St 6,200 SF 50% Leased Retail Building Monroe, WA 98272 $1,469,579 CAD ($237.03 CAD/SF) 7% Cap Rate

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Executive Summary

Gem of a building located in historic downtown Monroe. 4,800 sq.ft. retail/office space on busy SR 203. Additional detached storage building and garages on back alley. First floor retail space includes small office and 2 separate bathrooms, gas heat, large roll up door. Second floor offices include full kitchen, 3 bathrooms. 1 full bath, 1 3/4 bath and a 1/2 bath.
https://portal.onehome.com/en-US/properties/map?token=eyJPU04iOiJOV01MUyIsInR5cGUiOiIwIiwiY29udGFjdGlkIjoxNjE1MTk0LCJzZXRpZCI6IjIyMjEzODI2NSIsInNldGtleSI6IjgzMiIsImVtYWlsIjoiZ3JlZ2Fyc0Bob3RtYWlsLmNvbSIsInJlc291cmNlaWQiOjAsImFnZW50aWQiOjM3NTk1LCJWaWV3TW9kZSI6IjEifQ%3D%3D&SMS=0&searchId=f719748f-9192-3dc5-975e-3e7c3aa46dd8

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

6,200 SF

Building Class

Year Built

1905

Price

$1,469,579 CAD

Price Per SF

$237.03 CAD

Cap Rate

NOI

$102,871 CAD

Percent Leased

50%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.62

Lot Size

0.23 AC

Zoning

Monroe DC - Commercial - Monroe DC: Commercial Office/Retail & Light Industrial

Parking

8 Spaces (1.29 Spaces per 1,000 SF Leased)

Frontage

50’ on S. Lewis

Bus Line

Security System

Storage Space

1 1

Map
Traffic

Walk Score®

Very Walkable (86)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

Property Taxes

Parcel Numbers	Multiple 005174-042-019-00 005174-042-017-01	Improvements Assessment	$820,316 CAD
Land Assessment	$607,469 CAD	Total Assessment	$1,427,785 CAD