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117 W Magnolia Street

Centralia, WA 98531
  • $9,700,000
  • STATUS: Active
  • ON SITE: 188 Days
  • ID#: 1999997
UPDATED: 60 min ago
$9,700,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 55,100
    SQFT
  • $176
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Bhgre Northwest Home Team. Sold by .

Description

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(2026) 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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tribeca NW Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-31T20:16:30.913. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-03-31T20:16:30.913. 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.
www.tribecanw.com/homes/133378461
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117 W Magnolia Street Centralia, WA 98531

  • Price: $9,700,000
  • Status: Active
  • On Site: 188 Days
  • Updated: 60 min ago
  • ID#: 1999997
0
Beds
0
Baths
0
½ Baths
0.33
Acres
55,100
SQFT
$176
$/SQFT
1926
Built
Neighborhood:
Centralia
County:
Lewis
Area:
Centralia
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Centralia
Property Description
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(2026) 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.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 18 Exterior Features Cement/Concrete Lot Features AlleyCorner LotCurbsPavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 18 Parking Uncovered Spaces 0 Roof FlatTorch Down Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 55100 Cooling YN Yes Fireplace YN No Flooring Ceramic TileLaminateSee RemarksVinylCarpet Furnished Unfurnished Heating YN Yes Interior Features Heat PumpCentral A/CCeramic TileLaminateWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities BasementClubhouseElevatorFire SprinklersSee RemarksStorage Cumulative Days On Market 189 Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventionalSee Remarks Net Operating Income 492674 New Construction YN No Possession Closing Possible Use CommercialMulti-FamilyRetailSee Remarks Power Company Centralia City Light Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Of Centralia Site Features High Speed InternetRooftop Deck Special Listing Conditions None Tax Annual Amount 21537 Tax Year 2022 Units In Building Total 54 Water Company City Of Centralia Water Source Public Zoning Class CommercialMulti-FamilyRetailSee Remarks Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tribeca NW Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-31T20:16:30.913. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-03-31T20:16:30.913. 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.
 
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Tribeca NW Real Estate
375 NW Gilman Blvd, Suite #B101
Issaquah WA, 98027
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Bhgre Northwest Home Team. Sold by .