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Windermere Centralia

1212 N Pearl St Centralia, WA 98531

0.93 Acres
Commercial/Industrial

Listing# 1433459 | Active

$1,499,000

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Days On Market: 255 118 Views

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Sunday 15 Dec

Monday 16 Dec

Tuesday 17 Dec

Wednesday 18 Dec

Thursday 19 Dec

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Property Details

Description

Fabulous daycare business for sale with real estate. 10.7 CAP rate on actual income. 12,700 sf of buildings on .93 acres. Offered below replacement cost. Buildings (8,000 sf), 2 apartments, 2200+ sf 3 BR/3 BA home all updated & immaculate. Great deal for an owner-operator. Retired military or relocating. Highly rated business successful 50+ years. Staff of 17 professionals available to continue. Lease home, apartments, daycare as investment. Or operate business and live in the beautiful home.

General Features
- County Lewis
- Approx Building SqFt 12,700
- Approx Office SqFt 5,876
- Approx Whse/Mfg SqFt 0
- Zoning Class Commercial, See Remarks
- Lot Dimensions 130 x 312
- Selling Office Commission 3%
- Style 61-Comm Bldg Ovr 10K
- Total Covered Parking 4
- Total Uncovered Parking 30
- Zoning Jurisdiction City
Building Features
- Exterior Brick, Cement/Concrete, Wood
- Foundation Concrete Block, Poured Concrete
- Roof Composition
- Floor Covering Ceramic Tile, Vinyl, Wall-to-Wall Carpet
- Features Signage Included
- Heating and Cooling Forced Air, Heat Pump
Property Features
- Depth of Lot 130
- Site Frontage 312
- Water-Sewer-Garbage 0
- Sewer Sewer Connected
- Sewer Company City
- Energy Source Electric
- Power Company City
- Number of Available Pads 0
- Lot Square Footage 40,625
Financials
- Vacancy Rate 0
- Total SqFt Rented 11,658
- Total Monthly Rent $7,450
- Gross Rent Multiplier 12
- Cap Rate -NOI div LP 9
- Gross Scheduled Income $154,000
- Gross Adjusted Income $154,000
- Total Expenses $0
- NOI $154,000
- Electrical Expenses $0
- Tax Expense $0
- Heating Expense $0
- Insurance Expense $0
- Other Expenses $0
- Tax Year 2019
- Annual Assoc. Dues $0

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Neighborhood

98531 (Centralia) Demographics

36 Median Age

185 Population Density (per sq. mile)

27% College Educated

$41,745 Estimated Median Income

5,640 Estimated Total Home Owners

4,009 Estimated Total Renters

58% / 42% Estimated Owner / Renter Divide

3 Estimated Average Household Size

25,297 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

1

Private Centralia Christian School

Grades: 2 - 13
Enrollment: 120

1

Public Edison Elementary

Grades: KG - 3
Enrollment: 365

1

Public Fords Prairie Elementary

Grades: KG - 3
Enrollment: 395

1

Public Jefferson Lincoln Elementary

Grades: KG - 3
Enrollment: 392

2

Public Oakview Elementary School

Grades: 4 - 6
Enrollment: 421

1

Public Washington Elementary School

Grades: KG - 6
Enrollment: 354

Middle Schools

1

Private Centralia Christian School

Grades: 2 - 13
Enrollment: 120

2

Public Centralia Middle School

Grades: 7 - 8
Enrollment: 535

2

Public Oakview Elementary School

Grades: 4 - 6
Enrollment: 421

1

Public Washington Elementary School

Grades: KG - 6
Enrollment: 354

High Schools

1

Private Centralia Christian School

Grades: 2 - 13
Enrollment: 120

3

Public Centralia High School

Grades: 9 - 12
Enrollment: 1057

3

Public Futurus High School

Grades: 9 - 12
Enrollment: 74

School data courtesy of LiveBy, Inc.

Market Last 30 Days

$222,250 Median Sales Price

30 Homes Sold

20 New On Market

Average Days on Market

Properties for Sale

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $1,499,000
12/7/2019 5:13:23 PM	Price Reduced Source	New Value: $1,499,000	-21.11%
9/30/2019 4:31:27 PM	Status Changed Source	New Value: Active
9/30/2019 4:31:27 PM	Price Increased Source	New Value: $1,900,000	46.27%
8/7/2019 11:10:59 PM	Status Changed Source	New Value: Pending Feasibility
4/3/2019 3:21:00 PM	New in Database Source	New Value: $1,299,000

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This property search is part of the Prime Alliance Real Estate Services website. Listing information is courtesy of the WA-NWMLS and Prime Alliance Real Estate Services. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.