309 Pearl St Ellensburg, WA 98926

This exceptional investment opportunity presents the Boss Building, a historic 1889 structure situated in the heart of downtown Ellensburg, Washington. This two-story, 6,079 square foot mixed-use building offers a unique blend of commercial and residential space. The main level features an expansive storefront with convenient alley access, ideal for a variety of retail businesses. Upstairs, four loft-style apartments provide separate street-level access, ensuring privacy for residents. Currently boasting 100% occupancy with five tenants, the building generates a strong net operating income (NOI) of $44,354, resulting in a 4.74% capitalization rate. The asking price is $935,000, translating to $153.81 per square foot. The property sits on a 3,600 square foot lot and is zoned for central commercial use. Its prime location in the downtown core places it amidst thriving businesses and restaurants, perfectly positioned to benefit from the area's vibrant events and year-round festivities. This is a rare chance to acquire a piece of Ellensburg's rich history with a proven rental income stream. The building's solid rental history and central location make it an attractive investment for discerning buyers.