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102 S 5th Ave

Yakima, WA 98902
  • $863,812
  • STATUS: Active Under Contract
  • ON SITE: 36 Days
  • MLS #: 22-1143
Under Contract
UPDATED: 61 min ago
$863,812
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,599
    SQFT
  • $69
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1978

School Ratings & Info

Description

THIS OFFERING is for the opportunity to acquire a value-add multi-tenant retail building located in a strong downtown location that's suitable for either an investor or owner-user looking to occupy a portion of the building for themselves. The building is mostly occupied by tenants on short term rental agreements at below market rents and with below market expense recapture structures providing for relatively easy access to the potential upside, while the currently schedule NOI and advertised capitalization rate combine to provide for a below market purchase price/SF attributable towards the building. The sole vacancy is currently on the market for lease.

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© 2022 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: 2022-06-25T15:49:07.023.
www.yakimasrescuerealtor.com/homes/128906680
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102 S 5th Ave Yakima, WA 98902

  • Price: $863,812
  • Status: Active Under Contract
  • On Site: 36 Days
  • Updated: 61 min ago
  • MLS #: 22-1143
0
Beds
0
Baths
0
½ Baths
0.49
Acres
12,599
SQFT
$69
$/SQFT
1978
Built
Neighborhood:
3A - Btwn S 1St/16Th
Area:
3A - Btwn S 1St/16Th
Property Description
THIS OFFERING is for the opportunity to acquire a value-add multi-tenant retail building located in a strong downtown location that's suitable for either an investor or owner-user looking to occupy a portion of the building for themselves. The building is mostly occupied by tenants on short term rental agreements at below market rents and with below market expense recapture structures providing for relatively easy access to the potential upside, while the currently schedule NOI and advertised capitalization rate combine to provide for a below market purchase price/SF attributable towards the building. The sole vacancy is currently on the market for lease.
Exterior Features

Construction Block Lot Depth Feet 0.00 Lot Front Feet 0.00 Lot Size .26 - .50 Acres Roof Built-Up

Interior Features

Air Conditioning Central Air Basement None Heating Forced AirGas

Property Features

Commercial Type Commercial Property Contingency Contingent List Price Description Total List Price Main Use Retail Sewage System Connected Tax Designation None Tax Year 2022 Taxes 6351.00 Water Public Water Zoning Cbd - Cent Bus Dist

Listing provided courtesy of Bill Almon, Jr of Almon Commercial-Residential Real Estate.


© 2022 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: 2022-06-25T15:49:07.023.
 
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Amy Maib - Yakima's Rescue Realtor
1017 S 40th Ave
Yakima WA, 98908