841 W 1st Ave - Freestanding FOR SALE


Toppenish, WA 98948
$1,299,000 USD
509-504-8808
841 W 1st Ave, Toppenish, WA for Sale
$1,299,000 USD
Freestanding - FOR SALE
1/26
null | 8.22% Cap Rate

841 W 1st Ave
Toppenish, WA 98948


HIGHLIGHTS

  • High Visibility with Onsite Parking
  • High Vehicles per Day Count
  • Attractive, fully-leased investment opportunity
  • Ideal mix of long-standing tenants and new leases, showing attractiveness to tenants

OVERVIEW

This fully leased, 2015-built 8-unit retail strip center offers investors stable in-place cash flow with clear upside through improved lease economics and site utilization. Offered at $150.34 PPSF The property totals 8,640 SF on a 1.28-acre parcel with strong frontage and visibility along a primary commercial corridor in Toppenish, WA, providing convenient access for local and regional traffic. The intersection going north and south on SR 97 reports a Annual Average Daily Traffic count (AADT) of approximately 11,000. A major differentiator in this market is the site's substantial on-site parking, supporting higher-traffic users, operational flexibility, and long-term tenant retention. Value-Add / Upside: In addition to current occupancy, the asset presents a compelling opportunity to enhance value over time through lease restructuring, expense allocations/CAM recovery, and rent optimization as leases roll. The property also includes excess land to the rear that may support additional income-generating uses and future development concepts--such as expanded retail/service uses or a convenience-oriented configuration (including potential fuel-related improvements near the existing food-truck area)--subject to buyer verification of zoning, utilities, access, and required approvals. The center is 100% occupied with a diverse tenant mix including an established insurance agency, a pawn shop (3 units), Cricket Wireless, a smoke shop, a nail salon, and a spice & herb retailer. Tenant history ranges from 5 to 26 years, and the property has experienced two lease signings within the past year, supporting both long-standing stability and refreshed lease activity. A long-standing food truck operator also provides supplemental income with reliable payment history. With modern construction, strong visibility, established tenancy, and multiple paths to NOI growth, this property is well-suited for 1031 buyers and value-add retail investors

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

8.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,537 SF

ZONING

GC

APN/PARCEL ID

201004-34017

ASK ABOUT THIS PROPERTY

Kevin Rangel UrbinaJohn L Scott YakimaMore Info
509-504-8808

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

Kevin Rangel UrbinaJohn L Scott YakimaMore Info
509-504-8808

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