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Listed by Bill Almon, Jr Almon Commercial-Residential Real Estate
$790,568
Est. payment /mo
6,134 SqFt
Active
811 W Yakima Ave Yakima, WA 98902
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Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 6,134 sqft
Price per Sqft $128
MLS Listing ID 26-3123
Year Built 1965
Annual Tax Amount $7,634
Tax Year 2026
Property Sub-Type Commercial Property
Land Area 6134
Property Description
THIS OFFERING is for the opportunity to purchase a fully occupied net leased multi-tenant investment property consisting of a pair of retail/office suites on the main level and a pair of office/medical suites on the lower level.
This highly recognizable building is located on downtown Yakima's primary commercial arterial with access from two arterials and visibility from three. It's anchored by The Haberdasher, an established high-end men's clothing boutique that's been in the building since 2001 and recently extended their lease to have more than 10 years remaining.
Leases are signed at or below market with an average rental rate of approximately $10.82/SF, NNN, which results in a below market sale price at only approximately $129/SF that in turn provides for future upside and immediate downside protection, making this a safe, attractive investment offering.
This highly recognizable building is located on downtown Yakima's primary commercial arterial with access from two arterials and visibility from three. It's anchored by The Haberdasher, an established high-end men's clothing boutique that's been in the building since 2001 and recently extended their lease to have more than 10 years remaining.
Leases are signed at or below market with an average rental rate of approximately $10.82/SF, NNN, which results in a below market sale price at only approximately $129/SF that in turn provides for future upside and immediate downside protection, making this a safe, attractive investment offering.
Location
State WA
Area 2A - Btwn N 1St/16Th
Zoning CBD - Cent Bus Dist
Direction Located at 811 W Yakima Ave.
Interior
Heating Forced Air
Heat Source Forced Air
Exterior
Roof Type Built-Up
Building
Sewer Connected
Water Public
Others
Tax ID 181324-31410
Nearby Locations
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