403 W University Way - Hospitality FOR SALE


Ellensburg, WA 98926
$2,199,900 USD
509-902-8800
403 W University Way, Ellensburg, WA for Sale
$2,199,900 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

403 W University Way
Ellensburg, WA 98926


HIGHLIGHTS

  • Approved for 78 unit multi-family conversion
  • Interior Demo already started
  • Priced well below appraised value

OVERVIEW

Embark on an exciting multi-family conversion project with this 35,240 SF building, strategically located mere blocks away from Central Washington University at 403 W University Way, Ellensburg, WA. Approved by the City of Ellensburg, this property offers the unique opportunity to transform it into a multi-family with a total of 78 units. With partial demolition already underway, this versatile building, built in 1967 and zoned CH, is ready to be customized for a multi-family use. Investors looking for a prime opportunity to create a modern living space in a sought-after location will find this project to be a promising prospect.

FOR SALE DETAILS

PRICE

$2,199,900 USD

PRICE/SF

$65 USD /SF

# OF ROOMS

72

PRICE/ROOM

$30,554 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1967

PARKING SPACES

88

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

C-HWY

APN/PARCEL ID

174536

ASK ABOUT THIS PROPERTY

Ken DavisSVN CascadesMore Info
509-902-8800

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Ken DavisSVN CascadesMore Info
509-902-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.