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Downtown Mixed-Use Commercial Building 31 N 1st Ave 29,010 SF Retail Building Yakima, WA 98902 $845,000 ($29.13/SF)
Investment Highlights
- Improvements include a 3-story building with approximately 9,200SF on each level and an approximately 1,410SF attached garage, plus a full basement.
- Upper floors are a combination of lower-quality office with lab space and warehouse and are most suitable for redevelopment or warehouse use.
- Tall ceilings with impressive wood posts throughout.
- Main floor is nicely finished in a combination of retail (formerly a restaurant and floral shop) and office space.
- Includes a full basement not included within the advertised square footage.
- Newer TPO roof membrane.
Executive Summary
THIS OFFERING is for the opportunity to purchase a flexible mixed-use commercial building at an affordable price per square foot.
Located in the heart of downtown Yakima, the building includes three floors plus a full basement. The first floor is configured as two suites, one a former restaurant with bar and the other traditional office space. The second floor is a combination of lower-quality office with lab space and warehouse best suited for redevelopment or converted back to storage and the third floor is open warehouse space.
Advertised price is based upon approximately $62/SF attributable to the first floor and approximately $15/SF attributable to the second and third floors. The full basement is not included with the advertised square footage and is deemed to hold no value towards the advertised price.
Located in the heart of downtown Yakima, the building includes three floors plus a full basement. The first floor is configured as two suites, one a former restaurant with bar and the other traditional office space. The second floor is a combination of lower-quality office with lab space and warehouse best suited for redevelopment or converted back to storage and the third floor is open warehouse space.
Advertised price is based upon approximately $62/SF attributable to the first floor and approximately $15/SF attributable to the second and third floors. The full basement is not included with the advertised square footage and is deemed to hold no value towards the advertised price.
Property Facts
Sale Type
Owner User
Property Type
Retail
Building Size
29,010 SF
Year Built
1930
Price
$845,000
Price Per SF
$29.13
Building Height
3 Stories
Building FAR
1.71
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
CBD
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 28
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Downtown Mixed-Use Commercial Building | 31 N 1st Ave
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