216 E Main, Walla Walla, WA 99362
- $2,400,000
Listing courtesy of Tarragon Advisors.
- List Price
- $2,400,000
- Status
- ACTIVE
- MLS#
- 2474719
- Days on Market
- 139
- Annual Tax Ammount
- 13500
Property Description
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.
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Additional Information
- Community
- Walla Walla
- Building Condition
- Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1930
- # of Assigned Spaces
- 38
- Roof
- Flat
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional, See Remarks
- Flooring
- Hardwood, Laminate, Carpet
- Driving Directions
- 2nd Ave Exit from US-12. Left on E. Main St. Property on the Right
- Other Expenses
- 48119
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $180,000
- Gross Adjusted Income
- $260,498
- Gross Scheduled Income
- $274,209
- Water/Sewer/Garbage Expenses
- $14,500
- Cap Rate
- 7.5
- Vacancy Rate
- 5
- Total Expenses
- $81,119
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.