116 Main StKittitas, WA 98934

Property Details for 116 Main St

Year built

2008

Lot size

0.22 AC

Property size (Sq ft)

3,888 SF

Zone code

KCB

Property type

Warehouses

Property subtype

Self storage facilities

APN

892333

APU

892333

Description

This exceptional investment opportunity presents a 4,800 square foot mixed-use building situated at 116 S Main St, Kittitas, WA 98934. The property boasts a strong 6.03% cap rate and a Net Operating Income (NOI) of $37,703. Built in 2008, this two-story building comprises four units: two 1,200 square foot commercial spaces on the ground floor and two 1,200 square foot apartments on the upper level. Currently operating at 100% occupancy, the building offers immediate cash flow. The property sits on a 0.25-acre lot and is zoned KCB. The building's construction is relatively new, minimizing potential maintenance concerns in the near future. The commercial leases on the ground floor expire in 2024, presenting a potential opportunity for owner-occupancy or lease renegotiation. This well-maintained property represents a solid investment in a thriving Kittitas County location, offering both rental income and future development potential. The property's Assessed Parcel Number (APN) is 572333. Asking price is $625,000.

• Alternative Use

  Use

  Valuation

  Residential

  $938,289

  Hospitality

  $859,468

  Educational

  $715,067

  Medical

  $739,659

  Retail

  $1,112,327

Location Insight

City

Kittitas

County

Kittitas

State

Washington

Latitude

46.9839

Longitude

-120.417

CBSA code

21260

CBSA name

ELLENSBURG, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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