412 9Th Ave Walla Walla, WA 99362
- Parking lots & garages
- 0.09 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 412 9Th Ave
- Year built
- 1996
- Lot size
- 0.09 lot acres
- Property type
- Parking lots & garages
- APN
- 360730540709
- APU
- 360730540709
Description
This exceptional 6,565-square-foot office building, constructed in 1996, presents a unique opportunity in Walla Walla, WA. Located at 412 S. 9th Ave (also known as Hwy 125), this single-tenant property boasts prime visibility along Walla Walla's main north/south thoroughfare, S. 9th Avenue, experiencing an average daily traffic count of 18,000 vehicles. The building's strategic location within the 9th Ave business corridor places it amidst several fast-food restaurants and thriving retail establishments, ensuring high foot traffic and brand exposure. The property includes ample parking with 21 spaces and benefits from convenient public transit access. The interior features a spacious showroom, two showroom offices, one back office, two ADA-compliant restrooms, and a dedicated storage room. A large pylon sign is available for tenant branding and marketing purposes. The building is zoned for Highway Commercial use in Walla Walla County (99362). The lease is offered at $15.50 per square foot annually, NNN, and the owner is receptive to tenant improvement negotiations. This versatile space is suitable for various office uses, including traditional, executive, coworking, medical, and creative office settings. The property's exceptional location, combined with its functional layout and ample parking, makes it an ideal choice for businesses seeking a prominent presence in Walla Walla.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,340,000
- 6.5%
- $1,190,000
- 7%
- $1,190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,095,000
- Geo Method
- $1,230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $955,000
- Retail
- $1,070,000
- Mixed-Use
- $1,145,000
- Hospitality
- $1,175,000
- Educational
- $1,100,000
- Residential Income
- $1,290,000
- Energy
- $1,025,000
- Income-Based Land
- $1,145,000
- Food Service
- $1,010,000
Location Insight
- Map
- Local Demand
- City
- Walla Walla
- County
- Walla Walla
- State
- Washington
- Longitude
- -118.346
- Latitude
- 46.0589
- CBSA code
- 47460
- CBSA name
- WALLA WALLA, WA MICROPOLITAN STATISTICAL AREA
