Property Details

328 Alder St SW

Ephrata, WA 98823

$295,000

Available

CBA# 708972 courtesy of CBA Listing firm: Laura Mounter Real Estate & Co

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Industrial

Property Type

3,440

Bldg Sq Ft

6.00%

Cap Rate

1978

Year Built

Property Overview

Launch your real estate investment career in self storage with this affordable, centrally located facility in the heart of Ephrata’s commercial core. This 100% occupied, high-demand property pulls consistent renters from surrounding residential neighborhoods and the regional workforce, providing immediate in-place income and proven market strength. The site offers excellent visibility and access near main arterials, service businesses, and a substantial nearby housing base, making it a strategic location for long-term ownership.Facility features drive-up units for easy tenant access and quick turnarounds, creating an efficient, low-intensity asset. Site is ideal for value-add investors, with meaningful upside by adding rentable square footage and improved site amenities. Ideas may include adding modular self-storage buildings to capture overflow demand and increase income per square foot, introducing covered canopy spaces for boat, RV, or contractor parking to attract higher-value users, or adding parameter fencing. Net Rentable SQFT 3,360, 32 units (2 units 10'x18', 30 units 10×10), Current gross potential income from existing rents ~$22,920/annually, with clear opportunities to enhance performance. Let's get into Self Storage in 2026!