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101-111 S 3RD St

Yakima, WA 98901
  • $2,950,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 24-137
$2,950,000
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 34,473
    SQFT
  • $86
    $/SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1980

School Ratings & Info

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.



© 2024 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 The Kate Soldano Group | Keller Williams Yakima Valley. Data last updated: 2024-03-01T23:48:59.8.
www.thekatesoldanogroup.com/homes/146980160
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101-111 S 3RD St Yakima, WA 98901

  • Price: $2,950,000
  • Status: Active
  • On Site: 35 Days
  • MLS #: 24-137
0
Beds
0
Baths
0
½ Baths
1.1
Acres
34,473
SQFT
$86
$/SQFT
1980
Built
Neighborhood:
1B - Se Yakima
Area:
1B - Se Yakima
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.
Exterior Features

Construction Block 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 CarpetsConcrete 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 58 Sewage System Connected Tax Designation None Tax Year 2024 Taxes 20986.44 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.


© 2024 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 The Kate Soldano Group | Keller Williams Yakima Valley. Data last updated: 2024-03-01T23:48:59.8.
 
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The Kate Soldano Group | Keller Williams Yakima Valley
1017 S 40th Ave
Yakima WA, 98908