$735,000
Yakima, WA 98908
MLS# 23-342
Status: Closed
9550 sqft
1 / 7
Property Description
THIS OFFERING is for the opportunity to acquire a multi-tenant mixed-use property within a well-positioned strip center with value-add opportunity. The potential upside can be achieved by raising rents to market rates and converting leases to 'triple net' basis (currently leases are on modified gross). The property also includes additional income from the cell tower located in the rear of the property. Located in the desirable West Yakima area, the property offers great visibility from Summitview Ave with traffic counts over 20,000 cars per day. Nearby adjacent retailers include Planet Fitness, Wilco, Starbucks, McDonald's, Cashmere Valley Bank, Safeway, Wray's, Soma Aesthetics, Edward Jones and others.
Details
Maps
Contract Information
Current Price: $735,000
MLS Service Begin Date: 2023-02-28
Status: Closed
Sold Price: $735,000
List Pr Description: Total List Price
Sub Type: Commercial Property
Seller Disclosure: No
General Property Description
Year Built: 1970
Total Apx SF: 9550
Lot Front Ft Approx: 70
Lot Depth Ft Approx: 380
Total Approx Lot SF: 27000
List Price Per SqFt: 85.27
Acreage M/L: 0.62
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Retail
Location, Tax & Legal
Area (with SubArea): 4 - NW Yakima 40th/80th
House Number: 5808
Street Name: Summitview
Street Suffix: Ave
State/Province: WA
Zip Code: 98908
Status Change Info
Sold Date: 2023-05-26
Under Contract Date: 2023-03-24
Status Change Date: 2023-05-26
Sold Price: $735,000
Sold Pr Description: Total Sold Price
Financing: CONV
Property Features
Domestic Water: Public Water
Heat: Forced Air
Lot Size: .51 - .75 Acres
Roof: Built-Up
Sewage System: Connected
Zoning: LCC - Lg Conv Ctr
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.