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Southgate Center 905 S 2nd Ave 32,695 SF 22% Leased Retail Building Walla Walla, WA 99362 $2,795,000 ($85.49/SF) 3.69% Cap Rate
Executive Summary
7,122 SF of this shopping center is leased to two long-term tenants, and 2,035 SF to short-term tenants, providing day one revenue.
The remaining complex offers 22,304 SF of vacant space currently demised into 2 spaces for a combination of owner occupied and/or tenant spaces.
Historically this shopping center has been anchored by a long-term grocery store tenant who has chosen to retire.
This property is ready for the next generation of ownership to create a viable real estate income investment.
MLS #286682
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This property is located in a well-established part of the Walla Walla community with neighborhood business located in the complex. This offering is an opportunity to take advantage of the multi-generational grocery store tenant's deep connection with this Walla Walla neighborhood. After over 66 years of operating as a successful neighborhood grocer, the current operation has retired. This space could continue to be operated as a full-service grocery store. Or this space could be occupied by an altogether new type of tenant. MLS #290444
| Space | Size | Space Use | Position | Available |
| 1st Floor | 21,515 SF | Retail | - | Now |
1st Floor
| Size |
| 21,515 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 21,515 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This property is located in a well-established part of the Walla Walla community with neighborhood business located in the complex. This offering is an opportunity to take advantage of the multi-generational grocery store tenant's deep connection with this Walla Walla neighborhood. After over 66 years of operating as a successful neighborhood grocer, the current operation has retired. This space could continue to be operated as a full-service grocery store. Or this space could be occupied by an altogether new type of tenant. MLS #290444
Nearby Major Retailers
Property Taxes
| Parcel Number | 360729420121 | Improvements Assessment | $966,300 |
| Land Assessment | $527,500 | Total Assessment | $1,493,800 |
Property Taxes
Presented by
Southgate Center | 905 S 2nd Ave
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