602 Yakima AveYakima, WA 98901

Property Details for 602 Yakima Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.48 AC

Property size (Sq ft)

4,800 SF

Zone code

COM

Property type

Retail space

APN

191319-12436

APU

19131912436

Description

This exceptional Class A retail and office property, located at 602 E Yakima Ave, Yakima County, offers a unique opportunity for businesses seeking a vibrant downtown presence. The 7,500 square foot building, renovated in 2019, features three suites with a minimum divisible space of 2,068 square feet and a maximum contiguous space of 4,850 square feet. Currently, 2,068 square feet are vacant and immediately available. The property sits on one acre of land and boasts ample parking with 48 spaces. Its strategic location on Yakima's main street, zoned CBD, ensures high visibility and accessibility. Benefit from a daily traffic count of 29,200 vehicles. The property is conveniently located half a block from the Convention Center and one block from the Hilton Garden Inn and a bank, placing your business in the heart of Yakima's revitalized downtown area. Build-to-suit options are available, and the lease is a NNN lease. The property's APN is 19131912436, and the annual property taxes are $1 per square foot. This Starbucks-anchored center presents an unparalleled opportunity to establish or expand your business in a thriving downtown environment. Pricing is dependent upon build-out specifications.

• CAP approach

  CAP return

  Valuation

  6%

  $1,385,449

  6.5%

  $1,278,876

  7%

  $1,187,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,083,326

  Geo Method

  $2,329,448

• Alternative Use

  Use

  Valuation

  Residential

  $1,078,780

  Hospitality

  $988,156

  Educational

  $822,135

  Medical

  $850,409

  Retail

  $1,278,876

Location Insight

City

Yakima

County

Yakima

State

Washington

Latitude

46.6038

Longitude

-120.498

CBSA code

49420

CBSA name

YAKIMA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].