1508 E Nob Hill Blvd - Freestanding FOR SALE


Yakima, WA 98901
$5,500,000 USD
425-233-9522
1508 E Nob Hill Blvd, Yakima, WA for Sale
$5,500,000 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

NEW


1508 E Nob Hill Blvd
Yakima, WA 98901


HIGHLIGHTS

  • Turn-Key Owner/User Opportunity | Retail Showroom + Warehouse
  • Recent $2.9 Million Property Renovation
  • High-Traffic, High Visibility Location with Immediate Access to I-82 (50,000+ VPD)
  • Flexible GC (General Commercial) Zoning
  • Immediate Occupancy Opportunity
  • High Barrier-to-Entry Submarket with Low Vacancy and Strong Rent Growth

OVERVIEW

The Brown Group of Marcus & Millichap has been selected to exclusively market for sale the Former Great Floors retail, showroom, and distribution facility located in Yakima, Washington. Situated on a highly visible commercial corridor just off Interstate 82, the Property consists of a recently renovated 25,600-square-foot commercial building featuring approximately 8,400 square feet of showroom space, 14,700 square feet of warehouse/distribution area, multiple private offices, and supporting amenities. The Property underwent a $2.9M renovation in 2022–2023 including a 10,000-square-foot building addition, structural repairs and maintenance, HVAC replacement, updated mechanical systems, LED lighting upgrades, and other site improvements, positioning the asset as a true turn-key opportunity for an owner-user or investor. The facility is equipped with three grade-level roll-up doors, one dock-high loading position, high-clear warehouse space, fenced yard area, ample parking, and prominent pylon signage. Located near the signalized intersection of E Nob Hill Boulevard and S 18th Street, the Property benefits from exposure to more than 32,000 vehicles per day and immediate access to Interstate 82, which carries over 40,500 vehicles per day. Large-format commercial properties of this size remain scarce within the Yakima market, where vacancy for retail and industrial spaces between 20,000 and 30,000 square feet remains near 4% and market rents have increased approximately 19% over the past five years. Additionally, Washington State has no state income tax, further enhancing returns for both users and investors.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Great Floors

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Distribution, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C1

APN/PARCEL ID

191329-31579

ASK ABOUT THIS PROPERTY

Trevor LaneMarcus & MillichapMore Info
425-233-9522

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Trevor LaneMarcus & MillichapMore Info
425-233-9522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.