117 W Magnolia Street, Centralia, 98531

Residential Income - Multi-Family For Sale in Centralia

$10,500,000

Beds
Baths
55,100Sqft
.33Acres
1926Built
126DOM
MLS® #: 1999997
Active, 126 Days on Market

Located in Historic Downtown Centralia between Portland and Seattle The Lewis and Clark Hotel is Meticulously maintained with 54 units, 55 and over & 5 yr HUD contract(2027) boasts a very stable tenant population. Original terrazzo flooring welcomes you into the lobby, with original charm that will take you back in time when this building was once a thriving hotel. 7 commercial units, along with 4700 sq ft event space with stunning original hardwood floor, kitchen, and additional 2300 sq ft bar with Immediate upside potential in commercial space and event center. 10,000 sq ft basement w/18 parking spaces also useable storage. This remarkable location is within walking distance to a park, library, shopping, bus lines, and entertainment.

Listing Office: Realty World Cosser & Assoc..

Essential Information

MLS® #: 1999997
Price: $10,500,000
Bathrooms: 0.00
Square Footage: 55,100
Acres: 0.33
Year Built: 1926
Type: Residential Income
Sub-Type: Multi-Family
Status: Active

Financials

Property Taxes: $16,357
$/SqFt: $191

Community Information

Address: 117 W Magnolia Street
Area: 426 - Centralia
Subdivision: Centralia
City: Centralia
County: Lewis
State: WA
Zip Code: 98531

Amenities

Parking Spaces: 18

Interior

Interior Features: Central A/C, Heat Pump, Ceramic Tile, Laminate, Wall to Wall Carpet
# of Stories: 8

Exterior

Exterior Features: Cement/Concrete
Lot Description: Alley, Corner Lot, Curbs, Paved, Sidewalk
Foundation: Poured Concrete

School Information

District: Centralia
Elementary: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify

Additional Information

Days on Market: 126
Cumulative Days on Market: 126

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Listing information last updated on January 27th, 2023 at 7:58am CST.