Property Details

214 E Main St

Walla Walla, WA 99362

$2,400,000

Available

CBA# 709628 courtesy of CBA Listing firm: Tarragon Advisors LLC

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Office / Retail

Property Type

16,950

Bldg Sq Ft

7.00%

Cap Rate

1930

Year Built

Property Overview

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.