$620,000
Yakima, WA 98901
MLS# 04-696
Status: Closed
5686 sqft
1 / 1
Property Description
*23402. NET LEASE INVESTMENT OPP. ON DOWNTOWN YAKIMA'S BUSIEST ARTERIAL INTERSECTION, THIS CHINESE RESTAURANT IS LEASED THROUGH SEPTEMBER 8, 2010. ANNUAL NET OPERATING INCOME IS $68,543.38 W/CAP RATE OF APPROX. 10.71%. PROPERTY TAXES ARE SHARED BETWEEN TENANT & LL, ALL OTHER EXP. PAID BY TENANT(INC. STRUCTURAL/HVAC REPAIRS). LEASE IS FLAT. ORIG. TENANT WAS JB'S REST., WHO HAS SINCE GONE BAN
Details
Maps
Contract Information
Current Price: $620,000
MLS Service Begin Date: 2004-03-09
Status: Closed
Sold Price: $620,000
Sub Type: Commercial Property
Seller Disclosure: No
General Property Description
Year Built: 1973
Total Apx SF: 5686
Total Space Avail SF: 5686
List Price Per SqFt: 109.04
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Location, Tax & Legal
Area (with SubArea): 2A - Btwn N 1st/16th
House Number: 19
Street Dir: E
Street Name: Yakima
Street Suffix: Ave
State/Province: WA
Zip Code: 98901
Status Change Info
Sold Date: 2004-11-24
Under Contract Date: 2004-08-13
Status Change Date: 2004-11-24
Sold Price: $620,000
Financing: CONV
Property Features
Domestic Water: Public Water
Heat: Gas
Roof: Built-Up
Sewage System: Connected
Zoning: CBD - Cent Bus Dist
Supplements
RUPT, WHO SUBLEASED TO EXISTING TENANT. OWNER IS IN MIDST OF PROTESTING TAXES, CREATING POTENTIAL FOR GREATER NOI. DO NOT DISTURB TENANT, CONTACT LA FOR SHOWING/DETAILS, COPIES OF EXISTING LEASES. OWNER ALSO OWNS EQUIP. LEASED TO TENANT FOR $300/MO, WHICH CAN BE ACQ. ON SEPERATE BILL OF SALE. EXCLUSION TO TENANT FOR 90 DAYS. ALSO, TAXES ARE FOR BOTH PARCELS
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.