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38 E Main St
Walla Walla, WA 99362
Retail Property For Sale
Investment Highlights
- Significant Near-Term Upside: Offered at a 6% in-place CAP rate with a path to 9.25% through lease-up of the vacant suites.
- Hospitality Conversion Upside: Architect-designed hotel conversion concept ready for a buyer seeking boutique hotel opportunity.
- Premier PNW Tourism Destination: Walla Walla is a leading regional tourism market, driven by its nationally recognized wine industry.
- Committed Long-Term Tenants: Books & Game Co. (est. 1989) has anchored 20% of the building since 1999 - a 25+ year tenancy at this location.
- Nationally Recognized Wine Region: Home to 125+ wineries within the Walla Walla Valley AVA, the region is one of North America's top wine destinations
- Prime Main Street Frontage: Located at the corner of Main & 1st Ave with the highest pedestrian traffic in Walla Walla's downtown core.
Property Facts
Property Type
Building Size
18,511 SF
Building Class
C
Year Built
1903
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.25
Lot Size
0.34 AC
Zoning
Central Commercial
Parking
10 Spaces (0.54 Spaces per 1,000 SF Leased)
Frontage
120’ on Main
Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 360720772713 | Improvements Assessment | $2,046,900 |
| Land Assessment | $358,200 | Total Assessment | $2,405,100 |
Property Taxes
Parcel Number
360720772713
Land Assessment
$358,200
Improvements Assessment
$2,046,900
Total Assessment
$2,405,100
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