1627 Cole Street, Enumclaw, WA 98022
- $1,750,000
Listing courtesy of KW Mountains to Sound Realty. Selling Office: KW Mountains to Sound Realty.
- Sold Price
- $1,750,000
- List Price
- $2,400,000
- Status
- SOLD
- MLS#
- 2320422
- Closing Date
- Jun 18, 2025
- Days on Market
- 92
- Annual Tax Ammount
- 12612
Property Description
2 tax parcels/2 buildings totaling approx. 6500 SF of retail/office/restaurant space in the downtown core of Enumclaw built in 2005. Building 1 is currently fully leased w/ 7 separate offices ranging in size from 230 SF to 729 SF and 3 ADA bathrooms. Building 2 is 3,257 SF of clear span construction w/ 2 ADA bathrooms, 1 private office, storage room, and available for lease or owner occupant. PVC roof w/ 3 rooftop HVAC units. An incredible opportunity to own a slice of the bustling Cole St scene!
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Additional Information
- Community
- Enumclaw
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 2005
- Roof
- Flat, See Remarks
- Tax Year
- 2025
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- From Hwy 164/Griffin Ave turn NW on Wells St, Right on Myrtle Ave, Right on Cole St to property on left.
- Electric Expenses
- 7884
- Net Operating Income
- $88,434
- Gross Adjusted Income
- $119,220
- Gross Scheduled Income
- $119,220
- Water/Sewer/Garbage Expenses
- $7,200
- Cap Rate
- 3.7
- Total Expenses
- $30,696
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.