$863,812
Yakima, WA 98902
MLS# 22-1143
Status: Closed
12599 sqft
1 / 18
Property Description
THIS OFFERING is for the opportunity to acquire a value-add multi-tenant retail building located in a strong downtown location that's suitable for either an investor or owner-user looking to occupy a portion of the building for themselves. The building is mostly occupied by tenants on short term rental agreements at below market rents and with below market expense recapture structures providing for relatively easy access to the potential upside, while the currently schedule NOI and advertised capitalization rate combine to provide for a below market purchase price/SF attributable towards the building. The sole vacancy is currently on the market for lease.
Details
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Contract Information
Current Price: $863,812
MLS Service Begin Date: 2022-05-19
Status: Closed
Sold Price: $863,812
List Pr Description: Total List Price
Sub Type: Commercial Property
Seller Disclosure: No
General Property Description
Year Built: 1978
Total Apx SF: 12599
Total Approx Lot SF: 21344
List Price Per SqFt: 68.56
Acreage M/L: 0.49
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Retail
Location, Tax & Legal
Area (with SubArea): 3A - Btwn S 1st/16th
House Number: 102
Street Dir: S
Street Name: 5th
Street Suffix: Ave
State/Province: WA
Zip Code: 98902
Status Change Info
Sold Date: 2022-08-15
Under Contract Date: 2022-05-20
Status Change Date: 2022-08-16
Sold Price: $863,812
Sold Pr Description: Total Sold Price
Financing: OTHER
Property Features
Air Conditioning: Central Air
Basement: None
Construction Style: Block
Domestic Water: Public Water
Heat: Forced Air; Gas
Lot Size: .26 - .50 Acres
Roof: Built-Up
Sewage System: Connected
Zoning: CBD - Cent Bus Dist
Listing Office: Almon Commercial-Residential Real Estate
Last Updated: September - 07 - 2024
Property profiling information contained herein is believed to be accurate, but may contain approximations or estimates where appropriate. The information contained herein is not guaranteed. This information is provided for the sole use and benefit of those authorized to access Yakima Association of Realtors® ('YAR') Multiple Listing Service ('MLS') information, and may not be reproducerepresened to third parties as information produced, warranted, or represented by YAR or MLS to be guaranteed.