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Downtown Office Building Opportunity
For Sale
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Pending

44 S Palouse St, Walla Walla, WA 99362

Office building with a tenant lease expiring in 2026 and potential for redevelopment into other compatible uses.

Property SizeContact for details
Days on Market132

Property Features for 44 S Palouse St

General Information

Standard status Pending
Property subtype Office
Listing Agency: Leavitt Capital Companies
Listed By: Marc Mowrer · License #WA
Source: Crexi
Added: Apr 11 Changed: Aug 17 Last Checked: Aug 20 at 12:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Leavitt Capital Companies

Investment Insights

Based on property information with market context.

This downtown office property is currently leased and used as an operating location for Stoneway Electric, which has been in place for approximately 40 years. The lease is backed by Crescent Electric Supply Company, following a 2012 sale of Stoneway to the national company. The current lease term is set to expire in 2026.

The building is located in the heart of downtown Walla Walla, within a short walk to both Whitman College and Main St.

For investors, the property offers the ability to hold through the existing lease term, with the stated expectation of adjusting rent to then-fair-market value or redeveloping into other uses consistent with the area.

Key Highlights

  • Office building with a tenant lease term expiring in 2026
  • Downtown Walla Walla location within a short walk to Whitman College and Main St
  • Stoneway Electric has operated at this location for the past 40 years

Property Analytics

Current Use

Stoneway Electric Supply ... Electrical Engineer

Suggested Use

Top Pick Building Supply Electrical Service Pharmacy HVAC Service (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,774
Businesses Nearby

Demographics for 99362, WA

43,249
Population
18,022
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
90%
High-School Grad
303.1 sq mi
ZIP Area
143
Density / Sq Mi
$70,660
Median Household Income
$37,236
Median Earnings
$1,148
Median Rent
$398,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building with a tenant lease expiring in 2026 and potential for redevelopment into other compatible uses.
Where is this office building located?
The property is located at 44 S Palouse St Walla Walla, WA.
What are key features of this property?
This property features: Office building with a tenant lease term expiring in 2026; Downtown Walla Walla location within a short walk to Whitman College and Main St; Stoneway Electric has operated at this location for the past 40 years
(509) 714-6464 Call to check price and availability
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