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214-226 E Main st 16,950 SF 100% Leased Retail Building Walla Walla, WA 99362 $3,265,224 CAD ($192.64 CAD/SF) 7.50% Cap Rate

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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.

Hungate Offering Memorandum