101-111 S 3RD St, Yakima, WA 98901
101-111 S 3RD St, Yakima, WA 98901
101-111 S 3RD St, Yakima, WA 98901
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Listed by Christopher Sentz Almon Commercial-Residential Real Estate
$2,950,000
Est. payment /mo
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34,473 SqFt
Active

101-111 S 3RD St Yakima, WA 98901

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HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 34,473 sqft

Price per Sqft $85

MLS Listing ID 24-137

Year Built 1980

Annual Tax Amount $20,986

Tax Year 2024

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Commercial Property

Land Area 34473

Property Description

THIS OFFERING presents an 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. Remodeled just prior to COVID, this building has a current vacancy of approximately 50% and below market rents leaving it primed for a value-add opportunity.

The current property owner is retiring and wishes to consolidate assets, leaving the upside to the next investor. Offered at $89/SF this building is positioned aggressively, leaving room for capital improvements to help recapture higher rents and reduce existing vacancy.

With several larger spaces available, this building is ideal for an owner/user looking to mitigate rent expenses through lease income generated from the building. Make this your signature building and generate income in the process.

Considerable upside potential combined with the owner's retirement plans make this property worth a second look to investors.

Location

State WA

Area 1B - Se Yakima

Zoning CBD - Cent Bus Dist

Direction From Yakima Ave, South on 3rd Street one block, located on your left.

Rooms

Basement Partially Finished

Interior

Heating Natural Gas

Cooling Central Air

Flooring Concrete

Heat Source Gas

Exterior

Roof Type Built-Up

Total Parking Spaces 58

Building

Lot Description Level

Foundation Concrete Perimeter

Sewer Connected

Water Public

Structure Type Stucco,Block

Others

Tax ID 191319-2445, 24446, 24447, 24442

Acceptable Financing Conventional

Listing Terms Conventional


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101-111 S 3RD St