1200 S Canyon Rd Ellensburg, WA 98926
- Outlet malls
- 14,000 SF
- 1.46 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 1200 S Canyon Rd
- Year built
- 1971
- Lot size
- 1.46 lot acres
- Property size
- 14,000 SF
- Zone code
- ECH
- Property type
- Outlet malls
- APN
- 628533
- APU
- 628533
Description
This exceptional 14,000 square foot retail property, situated on a 1.54-acre lot, presents a unique investment or lease opportunity in the heart of Ellensburg, WA. Located on Canyon Road, Ellensburg's primary retail thoroughfare, this building enjoys high visibility and convenient access. Previously occupied by St. Vincent de Paul, the interior has been recently subdivided to accommodate a Chevrolet dealership remodel and is currently utilized for storage. The expansive space, measuring 100 feet by 140 feet with columns spaced every 20 feet, offers significant flexibility for a variety of retail uses. The property boasts ample paved parking and street frontage on both Canyon Road and Ruby Street, ensuring convenient customer access. Its strategic location places it in close proximity to numerous national retail brands, maximizing exposure and foot traffic. The property is available for purchase at $2,300,000 or for lease at $12 per square foot, triple net (NNN). This is a rare chance to acquire a substantial retail presence on Ellensburg's most desirable commercial street. The property's size, location, and existing infrastructure make it an ideal investment for discerning buyers or businesses seeking a prominent retail space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,680,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,605,000
- 6.5%
- $3,090,000
- 7%
- $3,105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,460,000
- Geo Method
- $2,665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,740,000
- Retail
- $2,340,000
- Mixed-Use
- $2,520,000
- Hospitality
- $3,005,000
- Educational
- $2,920,000
- Residential Income
- $2,740,000
- Energy
- $2,720,000
- Income-Based Land
- $2,815,000
- Food Service
- $2,750,000
Location Insight
- Map
- Local Demand
- City
- Ellensburg
- County
- Kittitas
- State
- Washington
- Longitude
- -120.545
- Latitude
- 46.982
- CBSA code
- 21260
- CBSA name
- ELLENSBURG, WA MICROPOLITAN STATISTICAL AREA
