502 2Nd StYakima, WA 98901

Property Details for 502 2Nd St

Year built

1992

Construction

WOOD

Lot size

0.66 AC

Property size (Sq ft)

8,113 SF

Zone code

B1

Property type

Office buildings

APN

191318-33511

APU

19131833511

Description

This exceptional commercial property, located at 502 N 2nd St in Yakima, WA, presents a unique investment opportunity. Boasting a substantial 9,474 square feet of space, this general commercial building sits on a sizable 0.66-acre lot, offering ample room for expansion or outdoor activities. The property's prime location in Yakima ensures high visibility and accessibility, making it ideal for a variety of businesses. The asking price is $1,200,000. Given its size and location, this property is well-suited for businesses requiring significant space and prominent street presence. The building's versatility allows for adaptation to a wide range of commercial uses, making it an attractive prospect for entrepreneurs and investors alike. The substantial lot size provides additional potential for future development or expansion, adding further value to this already compelling investment. Serious inquiries are encouraged to explore the possibilities this exceptional Yakima commercial property offers. The property is ready for immediate occupancy, presenting a rare opportunity to secure a well-positioned commercial space in a thriving market. Detailed property information and specifications are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,592,992

  6.5%

  $1,470,454

  7%

  $1,365,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,068,041

  Geo Method

  $1,562,402

• Alternative Use

  Use

  Valuation

  Residential

  $1,823,362

  Hospitality

  $1,670,190

  Educational

  $1,389,579

  Medical

  $1,437,368

  Retail

  $2,161,567

Location Insight

City

Yakima

County

Yakima

State

Washington

Latitude

46.6091

Longitude

-120.508

CBSA code

49420

CBSA name

YAKIMA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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