31 N 1st Ave - Retail FOR SALE


Yakima, WA 98902- Downtown Yakima
$845,000 USD
509-966-3800
31 N 1st Ave, Yakima, WA for Sale
$845,000 USD
Retail - FOR SALE
1/27
null | Request Cap Rate

NEW


31 N 1st Ave
Yakima, WA 98902
Downtown Yakima


HIGHLIGHTS

  • Improvements include a 3-story building with approximately 9,200SF on each level and an approximately 1,410SF attached garage, plus a full basement.
  • Main floor is nicely finished in a combination of retail (formerly a restaurant and floral shop) and office space.
  • Upper floors are a combination of lower-quality office with lab space and warehouse and are most suitable for redevelopment or warehouse use.
  • Includes a full basement not included within the advertised square footage.
  • Tall ceilings with impressive wood posts throughout.
  • Newer TPO roof membrane.

OVERVIEW

THIS OFFERING is for the opportunity to purchase a flexible mixed-use commercial building at an affordable price per square foot. Located in the heart of downtown Yakima, the building includes three floors plus a full basement. The first floor is configured as two suites, one a former restaurant with bar and the other traditional office space. The second floor is a combination of lower-quality office with lab space and warehouse best suited for redevelopment or converted back to storage and the third floor is open warehouse space. Advertised price is based upon approximately $62/SF attributable to the first floor and approximately $15/SF attributable to the second and third floors. The full basement is not included with the advertised square footage and is deemed to hold no value towards the advertised price.

FOR SALE DETAILS

PRICE

$845,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Mixed-Use Commercial Building

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

CBD

APN/PARCEL ID

181324-14525

ASK ABOUT THIS PROPERTY

Bill AlmonAlmon Commercial Real EstateMore Info
509-966-3800

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Bill AlmonAlmon Commercial Real EstateMore Info
509-966-3800

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