Property Details
328 SW Alder Street
Ephrata, WA 98823
$295,000
Active
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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!
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Grant
Neighborhood
Ephrata
Listed
Feb 23, 2026
Financial Summary
Net Operating Income
$18,770
Gross Scheduled Income
$22,920
Total Expenses
$4,149
Total Actual Rent
$1,910/mo
Building & Use
Building Sq Ft
3,440
Sq Ft Rented
3,360
Zoning
Industrial-Light
Possible Use
Industrial
Lot Size
20,251 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.46 sqft
Year Built
1978
Exterior Materials
Metal/Vinyl
Water Source
See Remarks
Exterior Features
Metal/Vinyl
Location
City
Ephrata
County
Grant
Coordinates
47.31661, -119.55258
Additional Information
Tax Year
2025
Annual Taxes
$1,818
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
