$1,400,000
Yakima, WA 98902
MLS# 25-2140
Status: Closed
12751 sqft
1 / 18
Property Description
THIS OFFERING is for the opportunity to purchase Lincoln Square, a fully occupied multi-tenant commercial building. Located on the cusp of downtown on a busy commercial arterial, this building fills a niche need of providing affordable, smaller office and retail spaces. Ownership has recently made a concerted effort to focus its leasing efforts on procuring professional office tenants at fair market rent and on triple-net leases, which approximately 76.6% of the building now benefits from. This is a simple, transparent and affordable offering providing a rare opportunity to acquire a stabilized investment property at a reasonable capitalization rate that does not manipulate the value above fair market.
Details
Maps
Documents
Contract Information
List Pr Description: Total List Price
Seller Disclosure: No
Current Price: $1,400,000
MLS Service Begin Date: 2025-08-01
Status: Closed
Sold Price: $1,400,000
Sub Type: Commercial Property
General Property Description
Lot Front Ft Approx: 0
Lot Depth Ft Approx: 0
Total Approx Lot SF: 33977
Acreage M/L: 0.78
List Price Per SqFt: 113.73
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Office
Year Built: 1999
Total Apx SF: 12751
Location, Tax & Legal
Taxes: 13830
Tax Year: 2025
Spec Tax Designation: None
Parcel Number: 181324-21622 & 21623
Area (with SubArea): 2A - Btwn N 1st/16th
House Number: 1115
Street Dir: W
Street Name: Lincoln
Street Suffix: Ave
State/Province: WA
Zip Code: 98902
Remarks & Misc
Public Remarks: THIS OFFERING is for the opportunity to purchase Lincoln Square, a fully occupied multi-tenant commercial building.
Located on the cusp of downtown on a busy commercial arterial, this building fills a niche need of providing affordable, smaller office and retail spaces. Ownership has recently made a concerted effort to focus its leasing efforts on procuring professional office tenants at fair market rent and on triple-net leases, which approximately 76.6% of the building now benefits from.
This is a simple, transparent and affordable offering providing a rare opportunity to acquire a stabilized investment property at a reasonable capitalization rate that does not manipulate the value above fair market.
Directions: Located at 1115 & 1117 W Lincoln Ave.
Status Change Info
Sold Pr Description: Total Sold Price
Financing: OTHER
Sold Date: 2025-12-15
Under Contract Date: 2025-10-30
Status Change Date: 2025-12-15
Sold Price: $1,400,000
Domestic Water
Public Water: 1
Lot Size
.76 - 1.0 Acres: 1
Heat
Forced Air: 1
Gas: 1
Sewage System
Connected: 1
Zoning
C - Commercial: 1
Roof
Built-Up: 1
Property Features
Domestic Water: Public Water
Heat: Forced Air; Gas
Lot Size: .76 - 1.0 Acres
Roof: Built-Up
Sewage System: Connected
Zoning: C - Commercial
Legal Description 
Listing Office: Almon Commercial-Residential Real Estate
Last Updated: December - 15 - 2025
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.