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1215 Meade Ave 6,201 SF 100% Leased Retail Building Prosser, WA 99350 $1,290,637 CAD ($208.13 CAD/SF) 6.50% Cap Rate



EXECUTIVE SUMMARY
MLS# 288146 Discover a one-of-a-kind commercial property in the heart of historic downtown Prosser, ideally located on Mead Avenue, the city’s main street and hub of activity. This nearly 7,000-square-foot building combines two high-visibility retail storefronts with a mix of versatile, income-producing spaces. Upstairs includes a spacious yoga studio with a private entrance from Mead Avenue and a fully remodeled, furnished 2-bedroom, 2-bath short-term rental suite complete with a private garage and EV charger. The main level offers a modern salon studio with alley access, a flex office, and new dual garage doors with additional rear parking. Recent upgrades include newer roof, updated electrical systems, and modern air conditioning for long-term reliability and comfort. The flexible floor plan accommodates a range of uses, from boutique retail and wellness spaces to professional offices. Located along one of Prosser’s most traveled downtown corridors, this property offers excellent visibility, steady foot traffic, and proximity to local wineries, shops, and restaurants. A rare opportunity to own a beautifully maintained, income-generating property in Washington’s sought-after wine country community.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
6,201 SF
Building Class
C
Year Built
1947
Price
$1,290,637 CAD
Price Per SF
$208.13 CAD
Cap Rate
6.50%
NOI
$83,891 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.13 AC
Zoning
71 - COMMCL GENERAL
Parking
2 Spaces (0.32 Spaces per 1,000 SF Leased)
Frontage
30’ on MEADE
AMENITIES
- Car Charging Station
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 101843020084004 | Improvements Assessment | $199,502 CAD |
| Land Assessment | $64,196 CAD | Total Assessment | $263,697 CAD |
PROPERTY TAXES
Parcel Number
101843020084004
Land Assessment
$64,196 CAD
Improvements Assessment
$199,502 CAD
Total Assessment
$263,697 CAD
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1215 Meade Ave
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