Property Details
109 W Main Street
Elma, WA 98541
$299,000
Active
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Property Overview
What an opportunity to own a part of Elma history! This building has been family owned for over 35 years and offers multiple uses for tenants. Currently there is a hair salon & contractor's office on the main floor & a 1-bed, 1-bath residential apartment on upper floor. If you are looking for an investment property for your 1031 exchange, this is the perfect commercial property for you! The building has been updated inside and out over the years, including newer roof, interior and exterior paint, newer flooring, all bathrooms are updated, newer light fixtures, the list goes on!!!! There is also a 576 square foot garage that is separated into 2 storage spaces. Great busy corner location on Main Street that travels through the heart of Elma!
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Grays Harbor
Neighborhood
Elma
Listed
Apr 17, 2023
Original Price
$329,000
Parcel Number
043000100301
Tax & HOA
Annual Property Tax
$2,038 (2023)
Est. Monthly Tax
$170/mo
Financial Summary
Cap Rate
5.20%
Net Operating Income
$16,958
Gross Scheduled Income
$27,600
Total Actual Rent
$2,300/mo
Vacancy Rate
4.0%
Building & Use
Building Sq Ft
1,692
Total Units
4
Sq Ft Rented
2,268
Zoning
Commercial
Possible Use
Commercial
Lot Size
7,945 sqft
Year Built
1889
Exterior & Lot
Lot Size
0.18 sqft
Year Built
1889
Exterior Materials
Wood
Sewer
Available, Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Community & Access
Directions
West on Hwy 12 towards Ocean Shores, take 2nd Elma exit to right on S. 3rd Street to right on W. Main Street to property on right. Street parking available or pull to alley way in back.
Location
City
Elma
County
Grays Harbor
Coordinates
47.00414, -123.40200
Additional Information
Tax Year
2023
Annual Taxes
$2,038
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:09 AM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
