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4500 Tolt Ave - Confluence Building 0.21 Acres of Commercial Land Offered at $1,520,750 CAD in Carnation, WA 98014

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INVESTMENT HIGHLIGHTS

  • Highly visible traffic on major highway in town
  • Recently updated city landscaping & sidewalks

EXECUTIVE SUMMARY

Great opportunity to supply much needed office & retail spaces in downtown Carnation. 2 main floor , high-visibility retails spaces; 3+ office spaces on middle floor and 3 residential apartments on top floor. Elevator access to all 3 floors. Common corridors and baths on first 2 floors. One large office space on 2nd floor could allow for division for more units/capacity. Fully engineered plans are approved and permit ready for build out. Civil development work completed. 120 new homes being built in community; average price $1M. Unique opportunity for local focus/demand fulfillment.

PROPERTY FACTS

Price $1,520,750 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
Total Lot Size 0.21 AC
Cross Streets Entwistle St
Zoning CBD - Central Business District--allows almost any type of business, retail, office usage except industrial.

1 LOT AVAILABLE

Lot 15-17

Price $1,520,750 CAD
Price Per AC $7,409,834.91 CAD
Lot Size 0.21 AC

High visibility lot with all civil work completed for 3 story commercial building. Fully approved plans for 15,287 sq. ft building w/ 7 parking stalls. Fast growing town--most prominent corner lot in the City. Great pedestrian traffic. Mixed use bldg

DESCRIPTION

This is the Keystone property in downtown Carnation. Unique opportunity to capture maximum pedestrian and vehicle traffic visibility on main streets in the City. Lots of new growth going on in/around town will increase the need and demand for new retail and office spaces. Utilities and all civil work completed and on site. Fully engineered and approved plans for 15,287 sq ft building with 8 covered parking spaces. 11,456 square feet of rentable space.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
865830-2065
Land Assessment
$500,107 CAD
Improvements Assessment
$0 CAD
Total Assessment
$500,107 CAD
  • Listing ID: 33464114

  • Date on Market: 2024-10-09

  • Last Updated:

  • Address: 4500 Tolt Ave, Carnation, WA 98014

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