College Place commercial property sold to LLC

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If you follow commercial real estate property sales, or even if you’ve driven along Myra Road recently, you’ve probably noticed the “sold” signs at Whitman Drive.

The property behind Home Depot has reportedly been sold, but what the plans are for it is not yet clear.

College Place City Administrator Pat Reay told the U-B the buyer is a Washington limited liability company that goes by the name ELDA WA CP. The company acquired the property from the Federal Deposit Insurance Corp., which had possession since 2011 through closure of the failed Bank of Whitman.

Reay said the city has yet to receive word of plans for the property, but hopes it may be retail-related. The land is prime commercial and has State Environmental Policy Act approval.

Comments

barracuda 1 year, 3 months ago

Home Depot is coming.......... Home Depot is coming.......... Home Depot is coming.......... (Said with hope in the best Paul Revere voice)

Maybe, they got wind of the "user" friendly Walla Walla City Council and said... "NO WAY!!!" to the WW sight (Myra and 125) and said "ahhhhh CP", now there is a City that works with business!

If this Home Depot rumor is true, this makes CP in the lead, as the 125 and Myra sight is not even purchased from the land owners yet! There is only an agreement between the developers and original owners, and this sight does not have to go through the rezone process, it is already done... And there were no devaluation of surrounding properties.

Good Job WW.... We can count on you to support CP....

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carcrazy 1 year, 3 months ago

Home Depot.......don't we already have one of those?

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barracuda 1 year, 3 months ago

Costco... Whoops.... It was a rough morning... Lol..... I attempted to correct it earlier..... Sorry........

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ImJustSayin 1 year, 3 months ago

barra, where are you hearing about Costco?

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barracuda 1 year, 3 months ago

Let's just say I am still listing it as a rumor... Until construction is in its final stages, it is all rumors!

We have seen the City Council pull some bonehead stuff.. therefore squashing any major hope of job(s) expansion....

They have stated in a public city council meeting, "that it would be better to lose the business completely from the valley than chance it going into CP"....

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namvet60 1 year, 3 months ago

Now if they would charge sales tax to all citizens that shop in the state of Washington they would probably be able to lower the rate and get more people to shop here. Sure it is a fair distance to Clarkston but the Costco has a 7.5% sales tax and if you go and buy a few months of goods (if you can afford it) you a save a good amount of money. Although that statement might be facetious because with these city fathers that we have governing our fair city and county would charge everybody and leave the rate the same!

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