303 Martin Luther King Jr BlvdYakima, WA 98902

Property Details for 303 Martin Luther King Jr Blvd

Year built

1984

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

3,109 SF

Zone code

CBD

Property type

Office buildings

APN

181324-12430

APU

18132412430

Description

This single-story, 3,109 square foot Class B office building presents a compelling investment opportunity. Located at 303 W Martin Luther King Jr. Blvd in Yakima, Washington's Central Business District (CBD), this property boasts a convenient location and ample space. Constructed in 1984, the building sits on a 0.16-acre lot and is zoned CBS. The total square footage matches the net rentable area, providing efficient use of space. With one building and one story, this property offers straightforward management and potential for various business uses. The asking price is $325,000. The property's address is 303 W Martin Luther King Jr. Blvd, Yakima, WA 98902, and its APN is 181324-12430. This is an excellent chance to acquire a well-situated commercial property in a thriving Yakima business district.

• CAP approach

  CAP return

  Valuation

  6%

  $610,454

  6.5%

  $563,496

  7%

  $523,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $792,498

  Geo Method

  $598,731

• Alternative Use

  Use

  Valuation

  Residential

  $698,735

  Hospitality

  $640,037

  Educational

  $532,503

  Medical

  $550,817

  Retail

  $828,339

Location Insight

City

Yakima

County

Yakima

State

Washington

Latitude

46.6033

Longitude

-120.514

CBSA code

49420

CBSA name

YAKIMA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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