211 3rd Ave Ellensburg, WA 98926-3026

Property Details for 211 3rd Ave

Year built

1890

Lot size

0.07 lot acres

Property size

1,380 SF

Zone code

ECC-II

Property type

Retail space

APN

227033

APU

227033

Description

This exceptional 2,380 square foot storefront at 211 W 3rd Ave in Ellensburg, WA, presents a compelling investment opportunity. The property, built in 1890 and extensively renovated in 2018, boasts a prime downtown location with high visibility, situated off Main Street and 3rd Avenue, near Central Washington University (CWU) and major highways (I-90 & I-82). The building features a main level with kitchen space, a bathroom, and ample storage, accessible via a prominent 3rd Street storefront entrance. Upstairs, a mezzanine level offers versatile office space, another bathroom, and open flex space. The property includes three rare on-site parking spaces, a significant advantage in this location. Additional features include large storefront windows with solar blinds, forced-air heating and cooling, and convenient alley access. The 3,000 square foot lot is zoned Central Commercial II. Currently 100% occupied, generating a strong NOI of $28,943 and a 6.31% cap rate, this property offers a solid return on investment. The asking price is $459,000 ($192.86/sq ft). This is a rare chance to acquire a thriving retail property in the heart of historic downtown Ellensburg.