24 S 1st St | Yakima, WA 98901
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24 S 1st St
Yakima, WA 98901
Retail Property For Sale
Investment Highlights
- Asking price based upon a 9 cap of the scheduled NOI from the Buddy’s Home Furnishing’s lease plus $58,000 attributable to the vacant upper floors.
- Upper floors provide redevelopment potential (perhaps best converted to multi-family) at a steeply discounted price.
- Significant pylon sign.
- Tenant is paying $5,900/month with lease expiring 12/31/26 with one 5-year renewal option. Landlord pays property taxes and insurance.
- Located at a controlled intersection in the heart of downtown with traffic counts in excess of 27,700 vehicles per day passing by.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,500 SF
Building Class
C
Year Built
1910
Tenancy
Single
Building Height
3 Stories
Building FAR
3.01
Lot Size
0.24 AC
Zoning
CBD
Parking
19 Spaces (0.6 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signalized Intersection
Property Taxes
| Parcel Number | 191319-23423 | Improvements Assessment | $301,200 |
| Land Assessment | $121,900 | Total Assessment | $423,100 |
Property Taxes
Parcel Number
191319-23423
Land Assessment
$121,900
Improvements Assessment
$301,200
Total Assessment
$423,100
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