Price Reduction
Address
328 Sw Alder Street, Ephrata, WA
Price
$ 225,000
Property Attributes
- ID#2483483
- TypeCommercial
- CountyGRANT
- CityEphrata
- AreaNorth Central Grant County
- NeighborhoodEphrata
- Zip98823
- StyleLight Indrl.
- Year Built1978
- Taxes$ 1818
- Price$ 225,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.4649 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Price Reduction - Priced to Sell! Launch your real estate investment career in self storage with this affordable, centrally located facility in the heart of Ephrata’s commercial core. Net Rentable SQFT 3,360, 32 units (2 units 10'x18', 30 units 10x10), Current gross potential income from existing rents ~$22,920/annually, with clear opportunities to enhance performance - Contact for Financials. This 100% occupied, high-demand property pulls consistent renters from surrounding residential neighborhoods and the regional workforce, providing immediate in-place income and proven market strength. The site offers excellent visibility and access near main arterials, service businesses, and a substantial nearby housing base, making it a strategic location for long-term ownership. Facility features drive-up units for easy tenant access and quick turnarounds, creating an efficient, low-intensity asset. Site is ideal for value-add investors, with meaningful upside by adding rentable square footage and improved site amenities. Ideas may include adding modular self-storage buildings to capture overflow demand and increase income per square foot, or contractor parking to attract higher-value users, or adding parameter fencing. Let's get into Self Storage in 2026!
| Price History | |
|---|---|
| 2/23/2026 | Listed $295,000 |
| 8/31/2026 | 24$225,000 |
General Features
| Heating | None |
|---|---|
| Cooling | None |
| Possession | Closing,Subject To Tenant Rights |
| Roof | Metal |
| Year Built | 1978 |
| Topography | Level |
| Property Subtype | Commercial Industrial |
| Tax Year | 2025 |
| County | Grant |
| Net Operating Income | 14691 |
| Insurance Expense | 1880 |
| Property Type | Commercial Sale |
| HOA | No |
| Subdivision Name | Ephrata |
| Possible Use | Industrial |
| Special Listing Conditions | None |
| Status | Active |
| Directions | Driving through Ephrata Heading North on Hwy 28,turn right on 3rd Ave SW,property located on corner between 3rd Ave and Alder St SW. |
| City | Ephrata |
| Senior Community Y/N | No |
| Zoning Description | Industrial-Light |
| MLS Area | 291 - North Central Grant County |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 20250 |
| Carport Y/N | No |
| Listing Terms | Cash |
| Tax Annual Amount | 1818 |
| Electric Expense | 300 |
| Public Remarks | Price Reduction - Priced to Sell! Launch your real estate investment career in self storage with this affordable,centrally located facility in the heart of Ephratas commercial core. Net Rentable SQFT |
| Virtual Tour | https://youtu.be/uszXsIi1qgY |
| Structure Type | Industrial |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | NA |
| Total Actual Rent | 1910 |
| Property Style | 71 - Light Indrl. |
| Cap Rate | 6.5 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Concrete |
|---|---|
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Power Production Type | Electric |
Exterior Features
| Exterior Amenities | Metal/Vinyl |
|---|---|
| Water Source | See Remarks |
| Total Parking | 15 |
| Foundation Details | Poured Concrete |
| Lot Size Acres | 0.4649 |
| Irrigation Water Rights Y/N | No |
| Parking Uncovered Total | 15 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 98823
Price
Taxes
Year Built
Visits
