211 3Rd AveEllensburg, WA 98926

For Sale
$459,000

High-yield retail investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 2,380 square foot storefront at 211 W 3rd Ave in Ellensburg, WA, presents a compelling investment opportunity. The property, built in 1890 and extensively renovated in 2018, boasts a prime downtown location with high visibility, situated off Main Street and 3rd Avenue, near Central Washington University (CWU) and major highways (I-90 & I-82). The building features a main level with kitchen space, a bathroom, and ample storage, accessible via a prominent 3rd Street storefront entrance. Upstairs, a mezzanine level offers versatile office space, another bathroom, and open flex space. The property includes three rare on-site parking spaces, a significant advantage in this location. Additional features include large storefront windows with solar blinds, forced-air heating and cooling, and convenient alley access. The 3,000 square foot lot is zoned Central Commercial II. Currently 100% occupied, generating a strong NOI of $28,943 and a 6.31% cap rate, this property offers a solid return on investment. The asking price is $459,000 ($192.86/sq ft). This is a rare chance to acquire a thriving retail property in the heart of historic downtown Ellensburg.

Highlights

  • 2,380 SF storefront at 211 W 3rd Ave, Ellensburg, WA.
  • Prime downtown location near CWU and major highways.
  • Main level with kitchen, bathroom, ample storage, and prominent storefront entrance.
  • Mezzanine level with office space, bathroom, and flex space.
  • Three on-site parking spaces.
  • Currently 100% occupied, generating $28,943 NOI and a 6.31% cap rate.

Property Details for 211 3Rd Ave

Property type
Other retail properties, Individual retail properties
Square Feet
2,380 SF
Year Built/Renovated
1890/2018
Buildings
1
Stories
2

Location Insight

City
Ellensburg
County
Kittitas
State
Washington
Latitude
46.9946401
Longitude
-120.5493735
211 3Rd Ave, Ellensburg, Washington

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211 3Rd Ave
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