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1304 W University Way in Ellensburg,WA <br /> $3,350,000 } <br /> This property, currently operating as Rodeo City Self Storage, sits directly <br /> within Ellensburg city limits and is zoned Commercial Highway with no reported <br /> environmental issues. Built in 2004, the existing facility features 18,058 square y <br /> feet of self-storage units. This 1.24-acre parcel boasts direct access into the city <br /> via University Way, a primary road leading to Central Washington University, . <br /> about 1.5 miles away. <br /> Pedestrian access is also an asset, with the nearest bus stop less than 0.2 miles ' <br /> from the property. While the location offers high visibility and proximity to nearby <br /> residential areas and CWU, converting it into a community building would present <br /> significant challenges that likely outweigh any benefits. As a highly operational Exhibit 7: University Way <br /> and profitable self-storage facility, this property would require complete and <br /> costly demolition and redevelopment. The specialized infrastructure of a storage <br /> facility would not be compatible with the spatial and functional needs of a public <br /> community center, demanding substantial investment in renovation or new <br /> construction. <br /> Furthermore, a critical limitation for any public facility is the severe lack of f <br /> adequate on-site parking. The 1.24-acre lot is mostly developed with storage <br /> units and drive aisles, making it insufficient to handle the parking demands of a <br /> community building, which would naturally attract considerable vehicle traffic. <br /> The elongated, rectangular shape of the parcel also restricts flexible architectural <br /> design, potentially compromising the optimal layout and functionality needed for <br /> a multi-purpose community space. Given these substantial hurdles, this property ..- <br /> would not be a suitable fit for the proposed community building project.' <br /> � yalO <br /> �J LF'Sfr = <br /> Image Credit:Loopnet <br /> 48 Old Heat CERB Feasibility Study <br />