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5808 Summitview Ave
Yakima, WA 98908
Retail Property For Sale
Investment Highlights
- Value add opportunity to acquire an underperforming property due to below market rents, providing for significant future upside value
- Capitalization rate of 8.5% is in line to market normalcies.
- Cell Tower provides additional income that carries multiple 5-year renewals.
- Current market rate for suites with street visibility is $15/SF, modified gross or $13/SF, NNN.
- Traffic counts in excess of 20,000 vehicles per day.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,550 SF
Building Class
C
Year Built
1970
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.62 AC
Zoning
LCC
Parking
35 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
110’ on Summitview Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 181321-31005 | Improvements Assessment | $638,900 |
| Land Assessment | $232,350 | Total Assessment | $871,250 |
Property Taxes
Parcel Number
181321-31005
Land Assessment
$232,350
Improvements Assessment
$638,900
Total Assessment
$871,250
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