Property Details
109 W Main Street
Elma, WA 98541
$295,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 15
Property Overview
Own a piece of Elma's history! Situated on a prominent corner in the heart of downtown Elma, this charming mixed-use building dates back to the late 1800s and is filled with character that simply can't be replicated. Offering a unique blend of commercial and residential income potential, the property is currently home to a hair salon and contractor's office on the main level, with a comfortable 1-bedroom, 1-bath apartment occupying the upper floor. Over the years, the building has undergone numerous updates while maintaining its historic charm, including a newer roof, interior and exterior paint, updated bathrooms, flooring, lighting fixtures, and more. A detached 576-square-foot garage provides additional storage space with two separate storage areas, creating even more flexibility for tenants or owners. Whether you're seeking an investment property, owner-user opportunity, or a 1031 exchange replacement property, this well-maintained downtown landmark offers excellent visibility, multiple income streams, and a prime location along Elma's bustling Main Street. Don't miss the chance to own a timeless piece of downtown Elma with endless possibilities for the future.
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
