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115 NW State St 73,109 SF 100% Leased Office Building Pullman, WA 99163 $2,950,000 ($40.35/SF)
Executive Summary
Gladish presents a rare opportunity to acquire a large-scale downtown Pullman building that is now 100% vacant and ready for its next chapter. Located at 115 NW State Street, this historic property offers approximately 73,109 square feet on 3.16 acres with on-site parking, strong visibility, and immediate proximity to Washington State University, downtown services, and the broader Pullman market.
Unlike a partially occupied asset constrained by existing tenants, Gladish offers a true blank-slate opportunity for an investor, developer, institution, or owner-user to reposition the property for redevelopment, phased re-tenanting, adaptive reuse, or a long-term strategic hold. The building’s size, layout, and central location create the potential for a wide variety of future concepts.
The property is zoned C3 General Commercial, which supports a broad commercial framework and may accommodate a range of redevelopment strategies, subject to buyer verification with the City of Pullman. Possible future directions may include mixed-use commercial redevelopment, office or administrative conversion, educational or training uses, lodging or hospitality-oriented concepts, community-serving services, residential-over-commercial components, or other adaptive reuse strategies that align with downtown Pullman’s evolving needs.
For buyers looking at Pullman’s long-term trajectory, Gladish offers the combination of scale, location, parking, and identity that is increasingly difficult to replicate. This is not simply a building to lease one suite at a time. It is an opportunity to reimagine a prominent downtown asset and create its next life.
Unlike a partially occupied asset constrained by existing tenants, Gladish offers a true blank-slate opportunity for an investor, developer, institution, or owner-user to reposition the property for redevelopment, phased re-tenanting, adaptive reuse, or a long-term strategic hold. The building’s size, layout, and central location create the potential for a wide variety of future concepts.
The property is zoned C3 General Commercial, which supports a broad commercial framework and may accommodate a range of redevelopment strategies, subject to buyer verification with the City of Pullman. Possible future directions may include mixed-use commercial redevelopment, office or administrative conversion, educational or training uses, lodging or hospitality-oriented concepts, community-serving services, residential-over-commercial components, or other adaptive reuse strategies that align with downtown Pullman’s evolving needs.
For buyers looking at Pullman’s long-term trajectory, Gladish offers the combination of scale, location, parking, and identity that is increasingly difficult to replicate. This is not simply a building to lease one suite at a time. It is an opportunity to reimagine a prominent downtown asset and create its next life.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
73,109 SF
Building Class
C
Year Built
1934
Price
$2,950,000
Price Per SF
$40.35
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
24,369 SF
Building FAR
0.53
Lot Size
3.16 AC
Zoning
Commercial
Parking
100 Spaces (1.37 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 108150056000000 | Improvements Assessment | $394,112 |
| Land Assessment | $210,690 | Total Assessment | $604,802 |
Property Taxes
Parcel Number
108150056000000
Land Assessment
$210,690
Improvements Assessment
$394,112
Total Assessment
$604,802
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115 NW State St
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