1631 Rose StWalla Walla, WA 99362

Property Details for 1631 Rose St

Year built

2018

Lot size

0.74 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

360730620003

APU

360730620003

Description

This exceptional 33,500 square foot retail center, situated on a 1.17-acre lot at 1631 W Rose St in Walla Walla, WA 99362, presents a compelling investment opportunity. Built in 1989, the single-story property boasts a convenient location and ample parking with 127 spaces. Currently, there is 13,500 square feet of vacant space available, offering flexible options for prospective tenants ranging from 7,500 to 13,500 square feet. The property is zoned as 58 and is classified as a strip center within Walla Walla County. The existing building provides a solid foundation for immediate occupancy or redevelopment, catering to a variety of retail uses. The property's prominent location within Walla Walla offers excellent visibility and accessibility, making it an ideal choice for businesses seeking to establish or expand their presence in this thriving community. The substantial parking area ensures convenient access for customers and employees. This is a rare opportunity to acquire a well-located retail property with significant potential for growth and return on investment. The available space presents a chance to customize the layout to suit specific business needs. Serious inquiries are encouraged to explore this promising investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $9,598,074

  6.5%

  $8,859,760

  7%

  $8,226,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,216,358

  Geo Method

  $17,216,358

• Alternative Use

  Use

  Valuation

  Residential

  $7,473,540

  Hospitality

  $6,845,722

  Educational

  $5,695,560

  Medical

  $5,891,440

  Retail

  $8,859,760

Location Insight

City

Walla Walla

County

Walla Walla

State

Washington

Latitude

46.0571

Longitude

-118.37

CBSA code

47460

CBSA name

WALLA WALLA, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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