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Historic Mixed-Use Building
For Sale
$2,400,000

216 E Main St, Walla Walla, WA 99362

1930 masonry building with first-floor commercial space, six elevator-served upper units, and 38 off-street parking stalls.

Property SizeContact for details
Days on Market151

Property Features for 216 E Main St

General Information

Standard status Active
Class Trophy asset
Total Parking Spaces 38

Additional Details

Multifamily Units 6

Amenities

elevator
secure access

Building Details

Year Built 1930
Stories 2
Construction masonry
Listing Agency: Tarragon Advisors
Listed By: John D. Davis
Source: Exprealty
Added: Mar 13 Changed: Jul 27 Last Checked: Aug 9 at 12:01PM

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 Tarragon Advisors

Investment Insights

Based on property information with market context.

Hungate Building is a 1930 masonry mixed-use property featuring commercial space on the first floor and residential or hotel-style use on the second floor. The building includes elevator service and secure, elevator-served access to six upper-floor residential units currently operated as short-term lodging.

Located on Main Street in downtown Walla Walla, the property is positioned along the city’s primary commercial corridor and is surrounded by restaurants, tasting rooms, and retail. In-place commercial tenancy includes Shiki Hibachi Sushi.

The site also provides 38 off-street parking stalls, supporting both tenant operations and flexibility for future use of the upper units.

Key Highlights

  • 1930 masonry mixed‑use building on Main Street, with first‑floor commercial space and upper‑floor residential/hotel use
  • Elevator service serving upper floors, with secure elevator‑served access to six upper‑floor units
  • Commercial tenancy in place with Shiki Hibachi Sushi on the first floor

Property Analytics

Current Use

Shiki Hibachi Sushi Restaurant

Suggested Use

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

Lease Details

6
Residential units

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 Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - 1930 masonry building with first-floor commercial space, six elevator-served upper units, and 38 off-street parking stalls.
Where is this short term rental property located?
The property is located at 216 E Main St Walla Walla, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 1930 masonry mixed‑use building on Main Street, with first‑floor commercial space and upper‑floor residential/hotel use; Elevator service serving upper floors, with secure elevator‑served access to six upper‑floor units; Commercial tenancy in place with Shiki Hibachi Sushi on the first floor
More about this property
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