17 Valley Mall BlvdUnion Gap, WA 98903

Property Details for 17 Valley Mall Blvd

Year built

2016

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.16 AC

Property size (Sq ft)

26,555 SF

Zone code

COM

Property type

Retail space

APN

191332-43405

APU

19133243405

Description

This exceptional Union Gap retail property offers 184,957 square feet across four single-story buildings situated on a spacious 182,952 square foot lot. Currently, one 6,402 square foot space is available for lease, presenting a prime opportunity for businesses seeking high visibility and significant foot traffic. The property boasts a highly desirable location at 17 E Valley Mall Blvd, Union Gap, WA 98903, directly adjacent to the Valley Mall and strategically positioned at the high-traffic intersection of Interstate-82 and East Valley Mall Boulevard. This location places your business within Yakima County's major retail trade area, serving an estimated population exceeding 300,000. The property benefits from its proximity to a diverse range of national retailers, including Macy's, Cabela's, Best Buy, Hobby Lobby, Burlington, Ross, Sears, Home Depot, Lowe's, Costco, Petco, Petsmart, and Majestic Theaters, ensuring substantial customer exposure and a thriving commercial environment. The property is suitable for various retail uses, including storefront, showroom, and salon/spa operations. Lease or build-to-suit options are available. The property's APN is available upon request. This is a rare opportunity to establish a presence in a dynamic and established retail hub.

• CAP approach

  CAP return

  Valuation

  6%

  $6,375,890

  6.5%

  $5,885,440

  7%

  $5,465,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,039,750

  Geo Method

  $5,318,520

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,932,900

  Mixed-Use / Specialty

  $5,680,300

  Hospitality / Lodging

  $3,927,680

  Office

  $5,454,740

  Institutional / Educational

  $5,839,400

  Residential Income

  $6,832,100

  Multifamily

  $9,215,000

  Automotive / Energy

  $5,005,200

  Parking / Income-Based Land

  $1,909,180

  Restaurant / Food Service

  $2,561,330

  Healthcare / Senior Housing

  $6,013,890

Location Insight

City

Union Gap

County

Yakima

State

Washington

Latitude

46.5636

Longitude

-120.476

CBSA code

49420

CBSA name

YAKIMA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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