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Property profile & analytics
FOR SALE
Outlet malls

1200 S Canyon Rd Ellensburg, WA 98926

14,000 SF 1.46 ac lot Built 1971
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US90-1209948
Property summary
AI-generated overview

This exceptional 14,000 square foot retail property, situated on a 1.54-acre lot, presents a unique investment or lease opportunity in the heart of Ellensburg, WA. Located on Canyon Road, Ellensburg's primary retail thoroughfare, this building enjoys high visibility and convenient access. Previously occupied by St. Vincent de Paul, the interior has been recently subdivided to accommodate a Chevrolet dealership remodel and is currently utilized for storage. The expansive space, measuring 100 feet by 140 feet with columns spaced every 20 feet, offers significant flexibility for a variety of retail uses. The property boasts ample paved parking and street frontage on both Canyon Road and Ruby Street, ensuring convenient customer access. Its strategic location places it in close proximity to numerous national retail brands, maximizing exposure and foot traffic. The property is available for purchase at $2,300,000 or for lease at $12 per square foot, triple net (NNN). This is a rare chance to acquire a substantial retail presence on Ellensburg's most desirable commercial street. The property's size, location, and existing infrastructure make it an ideal investment for discerning buyers or businesses seeking a prominent retail space.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1971
Total area 14,000 SF
Lot 1.46 ac (63,598 SF)
Zoning code ECH
APN 628533
UPID US90-1209948
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$2.76M
Owner & transaction history
Henning Ellensburg LLC · 3 yrs held
Henning Ellensburg LLC
since 2023
Last sale
$2.9M
2 recorded transactions
2023
$2.8M
2015
$850,000
Zoning & alternative use
ECH · Ellensburg, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.5M +11.6%
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More about this property
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