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214-226 E Main st 16,950 SF 100% Leased Retail Building Walla Walla, WA 99362 $3,285,768 CAD ($193.85 CAD/SF) 7.50% Cap Rate



Investment Highlights
- Prime downtown Walla Wala location on Main St
- Significant off-street parking opportunity
- Strong in place commercial tenancy
- Trophy Historic Brick Building
- Well-maintained & thoughtfully updated
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
16,950 SF
Year Built
1930
Price
$3,285,768 CAD
Price Per SF
$193.85 CAD
Cap Rate
7.50%
NOI
$246,433 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
Commercial
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (76)
Nearby Major Retailers
Distination Cross Fit
Property Taxes
| Parcel Number | 360720420014 | Improvements Assessment | $1,533,444 CAD |
| Land Assessment | $121,165 CAD | Total Assessment | $1,654,609 CAD |
Property Taxes
Parcel Number
360720420014
Land Assessment
$121,165 CAD
Improvements Assessment
$1,533,444 CAD
Total Assessment
$1,654,609 CAD
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214-226 E Main st
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