Ellensburg, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Ellensburg, Washington Market population: 18K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Ellensburg WA Properties: 1.0100%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Ellensburg WA
Common questions from investors exploring commercial real estate in Ellensburg WA.
What's the overall investment potential of Ellensburg, WA, considering its demographics and economy?
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Ellensburg's relatively high poverty rate of 30.3% and low median household income of $27,474 may raise concerns, but its high health insurance coverage of 91.3% and short average commute time of 16 minutes suggest a stable workforce, which could be attractive for investors looking for a working-class market with solid infrastructure.
How does the city's ethnic diversity and industry landscape impact real estate demand?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, combined with its strong industries in Wholesale Trade, Finance & Insurance, and Manufacturing, indicates a potential for steady demand in the rental market, particularly with a relatively low homeownership rate of 33.5%.
What are the implications of Ellensburg's income inequality and poverty rate on tenant quality?
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The city's income inequality, as indicated by a GINI coefficient of 0.502, and poverty rate of 30.3%, may pose challenges for investors, but the high health insurance coverage of 91.3% and low average commute time of 16 minutes suggest that many residents are employed and have access to healthcare, which could contribute to a more stable tenant base.
How do the city's housing market and quality of life factors influence its attractiveness to investors?
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Ellensburg's median property value of $199,300 and median property taxes of $2,200, combined with its high health insurance coverage and short commute times, make it an attractive option for investors seeking a balance between affordability and quality of life for their tenants, particularly in a city with a relatively high percentage of residents who walk or work from home.
What role do the city's education and employment rates play in determining its real estate investment potential?
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The city's high school graduation rate of 92.2% and significant percentage of residents with a Bachelor's degree or higher, along with its employed population of 8,351, suggest a skilled and educated workforce, which, when combined with its top industries and relatively low commute times, indicates a strong potential for real estate investment and development in Ellensburg.
Ellensburg WA Real Estate & City Facts
Key facts and real estate information about Ellensburg WA.
What are some of the best neighborhoods to live in Ellensburg?
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Some of the best neighborhoods to live in Ellensburg include the areas around the Kittitas County Historical Museum, the historic downtown area, and the neighborhoods near the Ellensburg Rodeo. According to reviews and rankings, these areas tend to have lower crime rates and higher quality of life. However, it's worth noting that the quality of neighborhoods can vary greatly within Ellensburg, and it's always a good idea to do your own research and visit the area before making a decision.
What are some fun things to do in Ellensburg?
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There are plenty of fun things to do in Ellensburg, including visiting the Kittitas County Historical Museum, exploring the historic downtown area, and checking out the Iron Horse Brewery. You can also visit the Wild Horse Renewable Energy Center, or take a short walk to the Dick and Jane's Spot. If you're looking for outdoor activities, the Ginkgo Petrified Forest and the Columbia River are just a short drive away.
What is the food scene like in Ellensburg?
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The food scene in Ellensburg is a mix of classic American comfort food and more modern, sophisticated options. Some popular restaurants include the Yellow Church Cafe, which serves up contemporary cuisine in a charming 1920s church, and Daily Bread and Mercantile, which offers freshly baked bread, pastries, and other treats. There are also plenty of great food trucks and casual eateries, like Los Cabos, which serves up delicious Mexican food.
What are the pros and cons of living in Ellensburg?
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One of the pros of living in Ellensburg is its small-town charm and strong sense of community. The city also has a relatively low cost of living and a growing food and drink scene. However, some cons include the limited job opportunities and the fact that the city can feel quite quiet and sleepy at times. Additionally, the quality of neighborhoods can vary greatly, and some areas may have higher crime rates or other issues. Overall, Ellensburg is a great choice for those who value a close-knit community and a relaxed pace of life, but may not be the best fit for those looking for a more urban or fast-paced environment.
Is Ellensburg a good place to live?
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Whether or not Ellensburg is a good place to live depends on your individual preferences and priorities. If you value a small-town atmosphere, a strong sense of community, and a relatively low cost of living, Ellensburg may be a great choice. However, if you're looking for a more urban or fast-paced environment, or if you prioritize job opportunities or cultural amenities, you may want to consider other options. Ultimately, Ellensburg is a unique and charming city that offers a lot to those who are willing to look beyond its surface level and get to know its quirks and charms.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Ellensburg WA Commercial Property: $27,474
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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