14 S 5th Ave
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14 S 5th Ave
16,724 SF Retail Building Yakima, WA 98902 $1,840,000 ($110/SF)
Investment Highlights
- Property has recently undergone a massive repurposing that includes a new façade, HVAC units, roof, storefront glass, parking lot and electrical.
- Traffic counts in excess of 12,050 vehicles per day passing by along S 5th Ave and 16,450 vehicles per day on nearby W Yakima Ave.
- 36.5 tons of new HVAC recently installed.
- Visibility and strong presence from each of S 5th Ave, Chestnut Ave and W Yakima Ave (with access from both S 5th Ave and Chestnut Ave).
- 39 dedicated parking stalls plus approximately 12 on street stalls.
Executive Summary
THIS OFFERING is for the opportunity to purchase a mix-box retail building in downtown Yakima. Historically occupied by URM as a Cash and Carry grocery store, the property has undergone a significant repurposing that includes, but is not limited to, a new façade, significant storefront glass and doors, new roof, new HVAC, new parking lot and sidewalk and updated electrical.
The interior is currently between gray and vanilla shell condition with exterior walls furred and ready for electrical and sheet rock, HVAC units installed, trenching for plumbing, some interior demising walls framed and the majority of the ceiling painted black. The work remaining to get to vanilla shell consists of finishing the perimeter walls including electrical, installing suspended ceilings (if any), lighting and restrooms.
Located just one parcel south of Yakima Ave, this is the only currently available retail building this size within the downtown core area and it benefits from excellent access, strong traffic counts and exposure from three arterials.
The interior is currently between gray and vanilla shell condition with exterior walls furred and ready for electrical and sheet rock, HVAC units installed, trenching for plumbing, some interior demising walls framed and the majority of the ceiling painted black. The work remaining to get to vanilla shell consists of finishing the perimeter walls including electrical, installing suspended ceilings (if any), lighting and restrooms.
Located just one parcel south of Yakima Ave, this is the only currently available retail building this size within the downtown core area and it benefits from excellent access, strong traffic counts and exposure from three arterials.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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-
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
16,724 SF
Building Class
B
Year Built
1950
Price
$1,840,000
Price Per SF
$110
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.84 AC
Opportunity Zone
Yes
Zoning
CBD
Parking
39 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
284 FT on S 5th Ave
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 181324-42408 | Improvements Assessment | $11,700 |
| Land Assessment | $54,800 | Total Assessment | $66,500 |
PROPERTY TAXES
Parcel Number
181324-42408
Land Assessment
$54,800
Improvements Assessment
$11,700
Total Assessment
$66,500
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14 S 5th Ave
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