214-226 E Main st - Retail FOR SALE


Walla Walla, WA 99362
$2,400,000 USD
214-226 E Main st, Walla Walla, WA for Sale
$2,400,000 USD
Retail - FOR SALE
1/19
null | 7.5% Cap Rate

214-226 E Main st
Walla Walla, WA 99362


HIGHLIGHTS

  • Prime downtown Walla Wala location on Main St
  • Trophy Historic Brick Building
  • Significant off-street parking opportunity
  • Well-maintained & thoughtfully updated
  • Strong in place commercial tenancy

OVERVIEW

Hungate Building presents a rare opportunity to acquire a trophy historic asset in the heart of downtown WW. Situated on Main Street, the city's primary commercial corridor, the property is surrounded by award-winning restaurants, tasting rooms and retail. Constructed in 1930, the Hungate is a classic masonry structure featuring elevator service + a highly functional mixed-use configuration with commercial space 1st floor and residential or hotel use 2nd floor. Strong in-place commercial tenancy with Shiki Hibachi Sushi. Secure, elevator-served access to six upper-floor residential units currently operated as short-term lodging. offering flexibility to continue hotel operations or convert to long-term apartment rentals. 38 off-street parking stalls, enhances tenant demand and operation flexibility.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

360720420014

ASK ABOUT THIS PROPERTY

Drew DavisTarragon NWMore Info

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