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6408 Tieton Dr
Yakima, WA 98908
Commercial & Multi-Family Zoned Acreage · Land For Sale · 48.00 AC

INVESTMENT HIGHLIGHTS

  • Strong existing and rapidly growing retail presence just south of the property with neighbors including Wal-Mart, Walgreens and many others.
  • High-end 438-unit apartment complex breaking ground bordering the SW end of the property.
  • Seller is in the process of vacating the interior roads that comprise of approximately 1.5 acres within the B-1 zoned area.
  • Growing medical/professional presence just south of the property with approximately 34,000SF of new buildings completed in 2018.
  • 79 shares of water rights included from the Yakima Valley Canal.
  • Seller is not interested in demising or selling less than all of the property.

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Auto Dealership
  • Hold For Development
  • Medical
  • Neighborhood Center
  • Office Park
  • Strip Center
  • Supermarket
Total Lot Size 48.00 AC
No. Stories 2
Zoning B-1, SCC, R-2, R-3 & R-1

DESCRIPTION

THIS OFFERING is for the unique opportunity to purchase a large blended zoning site in west Yakima suitable for retail, professional, medical and multi-family uses. Fronting both Tieton Dr and S 64th Ave at a newer controlled intersection, the site totals approximately 48 acres and benefits by being the low-cost alternative to similarly zoned acreage to the south that’s commanding significantly higher prices where numerous retail and medical projects have recently located. The site further benefits from nearby ever-expanding residential subdivisions, including a 438-unit multi-family development breaking ground immediately adjacent to the southwest border of the property, which combine to provide for some of Yakima’s strongest demographics. The property includes approximately 6 acres of B-1 zoned land, 15 acres of SCC zoned land, 13 acres of R-3 zoned land, 9 acres of R-2 zoned land and 5 acres of R-1 zoned land (the R-1 being buffer areas along the western and easternmost property boundaries). Asking price established as $7.29/SF attributable to the commercially zoned land, $3.50/SF attributable to the dense multi-family zoned land, $1.50/SF attributable to the multi-family zoned land and $0 attributable to the approximately 5 acres of single family zoned land.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 181329-11435
  • 181329-11436
  • 181328-22428
  • 181329-11428
  • 181329-11429
  • 181329-11434
  • 181329-11437
  • 181329-11438
  • 181329-11439
  • 181329-11440
  • 181329-11427
  • 181329-11430
  • 181329-11432
  • 181329-11431
  • 181329-11433
  • 181329-11441
Land Assessment
$4,712,900
Improvements Assessment
$3,012,100
Total Assessment
$7,725,000
  • Listing ID: 14446405

  • Date on Market: 11/20/2018

  • Last Updated:

  • Address: 6408 Tieton Dr, Yakima, WA 98908

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