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    701 Main St Ellensburg, WA 98926

    Sponsored
    For Lease
    $1.08 SF/Yr

    Prime 57,935 sq ft lot, ECC-II zoning.

    Lot size:
    57,935 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 57,935 square foot commercial land parcel presents a unique investment opportunity in the thriving city of Ellensburg, Washington. Located at 701 S. Main St, this single-tenant property boasts a highly desirable ECC-II zoning designation, offering a wide range of potential commercial development options. The expansive lot size provides ample space for a variety of projects, from retail establishments and office buildings to light industrial uses. Its strategic location on South Main Street ensures high visibility and easy access to major transportation routes, making it an ideal site for businesses seeking a prominent presence in the Ellensburg market. The property's Kittitas County location (APN 346933) offers access to a strong local economy and a growing population. This is a rare chance to acquire a substantial commercial land holding in a vibrant and expanding community. The property's single-tenant designation simplifies development and management, making it an attractive proposition for both seasoned investors and new developers. Detailed zoning information and development guidelines are readily available upon request. Don't miss this chance to secure a prime piece of Ellensburg real estate. The zip code is 98926.

    Property Features for 701 Main St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,935 SF

    Unit(s) available at that property

    Space
    Ground Lease
    Size
    57,935 SF
    Rate per SF
    $1.08

    HighLights

    • 57,935 SF commercial lot in Ellensburg, WA, at 701 S. Main St.
    • High visibility location on S. Main St., between Fred Meyer & Super One, across from Rite Aid, next to True Value.
    • Excellent access and visibility; Alta, topographic, and Level 1 surveys available.
    • Demolition complete.
    • Located in an Opportunity Zone; ECC‑II zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ellensburg
    County
    Kittitas
    State
    Washington
    Longitude
    -120.5483974
    Latitude
    46.985815

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    Nearby Similar for Lease

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      Affordable Retail Space in Ellensburg

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    FAQs

    What type of property is this?
    Land - Prime 57,935 sq ft lot, ECC-II zoning.
    Where is this land located?
    The property is located at 701 Main St Ellensburg, WA.
    What is the lease rate?
    The lease rate is $1.08 SF/Yr.
    What are key features of this property?
    This property features: 57,935 SF commercial lot in Ellensburg, WA, at 701 S. Main St.; High visibility location on S. Main St., between Fred Meyer & Super One, across from Rite Aid, next to True Value.; Excellent access and visibility; Alta, topographic, and Level 1 surveys available.
    Request Owner's contact information
    701 Main St Ellensburg, WA 98926
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    701 Main St
    Ellensburg, WA 98926
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 Main St Ellensburg, WA 98926
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