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Former Great Floors 1508 E Nob Hill Blvd 25,600 SF Retail Building Yakima, WA 98901 $5,500,000 ($214.84/SF)



Investment Highlights
- Turn-Key Owner/User Opportunity | Retail Showroom + Warehouse
- High-Traffic, High Visibility Location with Immediate Access to I-82 (50,000+ VPD)
- Immediate Occupancy Opportunity
- Recent $2.9 Million Property Renovation
- Flexible GC (General Commercial) Zoning
- High Barrier-to-Entry Submarket with Low Vacancy and Strong Rent Growth
Executive Summary
The Brown Group of Marcus & Millichap has been selected to exclusively market for sale the Former Great Floors retail, showroom, and distribution facility located in Yakima, Washington. Situated on a highly visible commercial corridor just off Interstate 82, the Property consists of a recently renovated 25,600-square-foot commercial building featuring approximately 8,400 square feet of showroom space, 14,700 square feet of warehouse/distribution area, multiple private offices, and supporting amenities. The Property underwent a $2.9M renovation in 2022–2023 including a 10,000-square-foot building addition, structural repairs and maintenance, HVAC replacement, updated mechanical systems, LED lighting upgrades, and other site improvements, positioning the asset as a true turn-key opportunity for an owner-user or investor. The facility is equipped with three grade-level roll-up doors, one dock-high loading position, high-clear warehouse space, fenced yard area, ample parking, and prominent pylon signage. Located near the signalized intersection of E Nob Hill Boulevard and S 18th Street, the Property benefits from exposure to more than 32,000 vehicles per day and immediate access to Interstate 82, which carries over 40,500 vehicles per day. Large-format commercial properties of this size remain scarce within the Yakima market, where vacancy for retail and industrial spaces between 20,000 and 30,000 square feet remains near 4% and market rents have increased approximately 19% over the past five years. Additionally, Washington State has no state income tax, further enhancing returns for both users and investors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
25,600 SF
Building Class
C
Year Built/Renovated
1979/2023
Price
$5,500,000
Price Per SF
$214.84
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.99 AC
Zoning
C1 - Commercial
Parking
25 Spaces (0.98 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 191329-31579 | Improvements Assessment | $2,595,900 |
| Land Assessment | $414,700 | Total Assessment | $3,010,600 |
Property Taxes
Parcel Number
191329-31579
Land Assessment
$414,700
Improvements Assessment
$2,595,900
Total Assessment
$3,010,600
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Former Great Floors | 1508 E Nob Hill Blvd
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