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101-111 S 3rd St

Yakima, WA 98901
  • $3,200,000
  • STATUS: Active
  • ON SITE: 120 Days
  • MLS #: 23-1113
UPDATED: 10 min ago
$3,200,000
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 33,313
    SQFT
  • $96
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980

School Ratings & Info

Description

Sunfair BuildingTHIS OFFERING is for the opportunity to acquire a ''value add'' well-positioned multi-tenant office building in the heart of downtown Yakima. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunity. High vacancy and below market rents leave this property poised for a value-add opportunity. Offered at $93/SF this building is positioned well below market leaving room for capital improvements to help recapture market rent and reduced existing vacancy. The property has historically been operated with and emphasis on maintaining existing cash flow and minimizing management responsibility as opposed to maximizing value, leaving the next owner with a relatively simple road map to accomplish the latter.

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© 2023 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Amy Maib - Yakima's Rescue Realtor. Data last updated: 2023-09-28T12:49:12.42.
www.yakimasrescuerealtor.com/homes/140022264
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101-111 S 3rd St Yakima, WA 98901

  • Price: $3,200,000
  • Status: Active
  • On Site: 120 Days
  • Updated: 10 min ago
  • MLS #: 23-1113
0
Beds
0
Baths
0
½ Baths
1.1
Acres
33,313
SQFT
$96
$/SQFT
1980
Built
Neighborhood:
1B - Se Yakima
Area:
1B - Se Yakima
Property Description
Sunfair BuildingTHIS OFFERING is for the opportunity to acquire a ''value add'' well-positioned multi-tenant office building in the heart of downtown Yakima. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunity. High vacancy and below market rents leave this property poised for a value-add opportunity. Offered at $93/SF this building is positioned well below market leaving room for capital improvements to help recapture market rent and reduced existing vacancy. The property has historically been operated with and emphasis on maintaining existing cash flow and minimizing management responsibility as opposed to maximizing value, leaving the next owner with a relatively simple road map to accomplish the latter.
Exterior Features

Construction BlockFrame Foundation Concrete Lot Depth Feet 150.00 Lot Features Bus LineCornerCurbs/GuttersLevelPaved Road Lot Front Feet 300.00 Lot Size 1+ - 5.0 Acres Roof Built-Up Siding Stucco

Interior Features

Air Conditioning Central Air Basement Partially Finished Floor Coverings Carpets Heating Gas

Property Features

Commercial Type Commercial Property Detail Use Office Building List Price Description Total List Price Main Use Office Num Onsite Unconvered Parking 57 Sewage System Connected Tax Designation Agent Remarks Tax Year 2023 Taxes 22834.00 Terms Conventional Total Sq Ft 14022.00 Water Public Water Zoning Cbd - Cent Bus Dist

Listing provided courtesy of Christopher Sentz of Almon Commercial-Residential Real Estate: (509) 966-3800.


© 2023 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Amy Maib - Yakima's Rescue Realtor. Data last updated: 2023-09-28T12:49:12.42.
 
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Amy Maib - Yakima's Rescue Realtor
1017 S 40th Ave
Yakima WA, 98908