504 40Th AveYakima, WA 98908

Property Details for 504 40Th Ave

Year built

1993

Construction

WOOD

Lot size

1.31 AC

Property size (Sq ft)

12,083 SF

Zone code

B1

Property type

Medical offices

Property subtype

Medical centers

APN

181322-21450

APU

18132221450

Description

This exceptional commercial property, located at 504 N 40th Ave in Yakima, WA, presents a significant investment opportunity. The building encompasses a substantial 13,762 square feet of space, offering ample room for a variety of commercial uses. Situated on a generous 1.13-acre lot, the property provides ample parking and potential for expansion or future development. The asking price is $2,900,000. The property's size and location in Yakima make it ideal for businesses seeking a prominent presence in a thriving market. Its versatility allows for adaptation to suit diverse commercial needs, from retail and office spaces to light industrial operations. The substantial lot size offers significant flexibility for future development or expansion projects. This is a rare opportunity to acquire a large, well-located commercial property in Yakima, WA, offering significant potential for growth and return on investment. Serious inquiries are encouraged to explore the possibilities this property presents. Further details and property specifics are available upon request. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,372,503

  6.5%

  $2,190,003

  7%

  $2,033,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,080,012

  Geo Method

  $2,326,944

• Alternative Use

  Use

  Valuation

  Residential

  $2,715,603

  Hospitality

  $2,487,478

  Educational

  $2,069,552

  Medical

  $2,140,728

  Retail

  $3,219,304

Location Insight

City

Yakima

County

Yakima

State

Washington

Latitude

46.6057

Longitude

-120.563

CBSA code

49420

CBSA name

YAKIMA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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