Bought with Windermere R.E. Ocean Shores
$775,000
$815,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
639 Point Brown AVE Ocean Shores, WA 98569
0.92 Acres Lot
Key Details
Sold Price $775,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Shores
MLS Listing ID 1571973
Sold Date 07/19/21
Style 60 - Comm Bldg Und 10K
Year Built 2000
Annual Tax Amount $9,607
Lot Size 0.920 Acres
Lot Dimensions 200 x 200
Property Sub-Type Commercial Industrial
Property Description
Only movie theater from Ocean Shores to Moclips. 3 screens. Potential by 2 screens behind existing building. This is a great opportunity for an owner/operator. Chance to boost revenue with some business improvements and renovations... carpeting, seats and expanded food service. Ocean Shores is growing, both in terms of permanent residents, 6500 plus permanent residents (149 new homes in 2019) and in tourism. Based on purchase price of $815,000 + est. $150,000 in upgrades the CAP rate would be 7%
Location
State WA
County Grays Harbor
Area 194 - Ocean Shores
Interior
Interior Features Forced Air, Wall to Wall Carpet
Flooring Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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