2546 State Route 101, Ilwaco, WA 98624
- $795,000
Listing courtesy of Berkshire Hathaway HS NW.
- List Price
- $795,000
- Status
- ACTIVE
- MLS#
- 2565543
- Days on Market
- 323
- Annual Tax Ammount
- 3193
Property Description
Rare opportunity to acquire one of the most strategically located commercial properties near the Long Beach Peninsula. Positioned on the primary gateway between Astoria and Long Beach, this 1.3-acre, income-producing property offers exceptional visibility, flexible Industrial zoning with permitted retail space, and outstanding long-term upside. Thousands of vehicles pass by this intersection daily. 4,660 SF total includes a 3,200 warehouse with a 10' roll-up door and fully fenced yard, 1064sqft retail/general store space, 396sqft office or prep building, two RV pads with full hookups, and 18+ parking spaces. Current month to month tenants provide immediate cash flow while preserving flexibility for future redevelopment, owner occupancy, or repositioning. Ideal for investors, contractors, retail, storage, service businesses, or a future travel center, this is a rare opportunity to secure a highly visible commercial asset in one of Southwest Washington's busiest coastal corridors. Owner financing may be considered with the right terms. Buyer to confirm all potential uses.
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Additional Information
- Community
- Ilwaco
- Style
- 75 - Retail
- Year Built
- 1940
- Roof
- Composition, Flat, Metal
- Tax Year
- 2025
- Flooring
- Concrete
- Driving Directions
- Property is located on the intersection of US-101 and US-101 alternate, 3 miles east of Seaview WA.
- Energy Source
- Electric
- Net Operating Income
- $57,251
- Gross Adjusted Income
- $65,880
- Gross Scheduled Income
- $73,200
- Cap Rate
- 7
- Vacancy Rate
- 10
- Total Expenses
- $8,629
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.