$2,000,000
Yakima, WA 98902
MLS# 25-3366
14456 sqft
1 / 25
Property Description
THIS OFFERING is for the opportunity to purchase a commercial property consisting of a double net leased medical office building, a cell tower lease and excess commercial development land. The primary lease is to RPM Rehab, Inc, a 9-location physical therapy clinic, who's been in the building since approximately 2014 and entered into a new 5-year lease in January of 2025 for approximately 82% of the total building with RPM being responsible for 100% of the common area maintenance charges attributable to the property, including taxes and insurance, but excluding the maintenance of the excess land area. RPM occupies approximately 11,846SF of the total building area. The remaining vacant areas of the building consist of an office area and a garage/storage area, plus an unfinished second story apartment combining to total approximately 2,610SF, while there is also excess land fronting S 24th Ave estimated to consist of approximately 30,000SF that is prime for development.
Details
Maps
Documents
Contract Information
List Pr Description: Total List Price
Seller Disclosure: No
Current Price: $2,000,000
MLS Service Begin Date: 2025-12-01
Status: Active
List Price: $2,000,000
Sub Type: Commercial Property
General Property Description
Lot Front Ft Approx: 0
Lot Depth Ft Approx: 0
Total Approx Lot SF: 115870
Acreage M/L: 2.66
List Price Per SqFt: 138.35
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Office
Detail Use: Medical Office
Year Built: 1971
Total Apx SF: 14456
Location, Tax & Legal
Taxes: 10560
Tax Year: 2025
Spec Tax Designation: None
Parcel Number: 181335-21014
Area (with SubArea): 3B - Btwn S 16th/40th
House Number: 1608
Street Dir: S
Street Name: 24th
Street Suffix: Ave
State/Province: WA
Zip Code: 98902
Remarks & Misc
Public Remarks: THIS OFFERING is for the opportunity to purchase a commercial property consisting of a double net leased medical office building, a cell tower lease and excess commercial development land.
The primary lease is to RPM Rehab, Inc, a 9-location physical therapy clinic, who's been in the building since approximately 2014 and entered into a new 5-year lease in January of 2025 for approximately 82% of the total building with RPM being responsible for 100% of the common area maintenance charges attributable to the property, including taxes and insurance, but excluding the maintenance of the excess land area. RPM occupies approximately 11,846SF of the total building area.
The remaining vacant areas of the building consist of an office area and a garage/storage area, plus an unfinished second story apartment combining to total approximately 2,610SF, while there is also excess land fronting S 24th Ave estimated to consist of approximately 30,000SF that is prime for development.
Directions: Located at 1608 S 24th Ave
Domestic Water
Public Water: 1
Air Conditioning
Central Air: 1
Lot Size
1+ - 5.0 Acres: 1
Heat
Forced Air: 1
Gas: 1
Sewage System
Connected: 1
Zoning
B1 - Prof Bus: 1
Roof
Built-Up: 1
Status Change Info
Status Change Date: 2025-12-01
Property Features
Air Conditioning: Central Air
Domestic Water: Public Water
Heat: Forced Air; Gas
Lot Size: 1+ - 5.0 Acres
Roof: Built-Up
Sewage System: Connected
Zoning: B1 - Prof Bus
Legal Description 
Listing Office: Almon Commercial-Residential Real Estate
Last Updated: December - 06 - 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.