Real Estate by Keller Williams Realty Colville

135 E 1st Ave – $989,000

135 E 1st Ave, Colville, WA 99114
ActiveMLS #46337$989,000
0.1 acres

Wonderful investment opportunity with this iconic mixed-use masterpiece! Includes 3 total commercial spaces and 4 fully rented residential apartments with a cap rate holding 6% even with under market rents! Recognized for its immense cultural value and iconic period storefront features, this building served for decades as a bustling retail and professional epicenter during Colville's transition into a booming timber, agricultural, and mining hub. Today, it stands upgraded, well maintained, and is ready for its next chapter. Boasting 4 immaculately clean, easy-to-manage apartments that featuring stable, long-term tenants, as well as 3 prime commercial units. The large retail space currently homes RE LEE Shoes which seeks a new owner operator - (Business and inventory for sale separately)

map of property
0.1 acres in Stevens County
In the town of Colville
Water System
Public water
Waste System
Public sewer, sewer connected
Section
9
Township
35
Range
39
⁢2⁢0⁢6⁢2⁢2⁢9⁢2⁢0⁢4⁢9, Ken Barcus Realty
Terms
Cash, 1031 exchange, commercial
Lucas

To learn more about this listing, contact Lucas Hamlin. Lucas knows the county and would love to help you in your search for your ideal property.

Call Lucas at (509) 675-1162 or enter your question below for a prompt response. Click here to read more about Lucas.


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135 E 1st Ave, Colville, WA 99114