520 W Indian Avenue, Brewster, WA

Industrial for Sale - $1,299,500


Agent Info

Adam Rynd
Coldwell Banker Cascade Real Estate

Property Info

CIMLS#1149221
Location
  520 W Indian Avenue
  Brewster WA 98812
UpdatedApril 16th, 2024
TypeIndustrial
Price$1,299,500

Property Description

Investment opportunity to buy the Brewster Medical Offices building in downtown Brewster, WA. Main floor is 9,045 SF with exam rooms, offices, and waiting areas, plus 4,503 SF basement with common area, kitchen, offices, and storage. Built in 1966 on a 0.47 acre lot with room to expand. Fully leased to reconfigure as a mixed-use office building after primary tenant relocates. Present lease model generates cap rate of 5% but lags current market rates. Located on W Indian Avenue with excellent visibility, corner-lot accessibility, and ample private and on-street parking. Walking distance to restaurants, shops, schools, and just 5 minutes to Three Rivers Hospital. Rare opportunity suitable for owner-occupied or investor.


Financials


Similar Listings