309 N Pearl St
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309 N Pearl St
6,079 SF 100% Leased Retail Building Ellensburg, WA 98926 $935,000 ($154/SF) 4.74% Cap Rate
Investment Highlights
- Historic Downtown Building
- Solid Rental Track Record
- 4 Loft Style Apartments
Executive Summary
Historic 1889 "Boss Bakery" building located in the downtown core of Ellensburg, WA. This 2 level mixed-use building boasts 6,079 SqFt and neighbors many established & successful businesses + restaurants, perfectly positioned to take advantage of the downtown events and year-round festivities. Expansive storefront space on the main level with alley access and 2nd level features 4 loft style apartments with separate private entrance from the street. Rare opportunity to own a piece of commercial property with rich history and a solid rental track record.
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,079 SF
Year Built
1889
Price
$935,000
Price Per SF
$154
Cap Rate
4.74%
NOI
$44,354
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.69
Land Acres
0.08 AC
Opportunity Zone
Yes
Zoning
Central Commercial
Amenities
- Storage Space
- Air Conditioning
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 847033 | Total Assessment | $591,170 (2023) |
| Land Assessment | $45,000 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $546,170 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
847033
Land Assessment
$45,000 (2023)
Improvements Assessment
$546,170 (2023)
Total Assessment
$591,170 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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309 N Pearl St
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