Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    515 E Yakima Ave Yakima, WA 98902

    For Sale
    $2,474,000

    Former church converted to event center and vacation rental apartments.

    Property size:
    23,391 SF
    Lot size:
    0.33 Acres

    Property Features for 515 E Yakima Ave

    General Information

    Size
    23,391 SF
    Lot size
    0.33 Acres

    Source: Wilson R.E. Management, LLC Agent Roger Wilson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Yakima Event Center Conversion

    This historic property, formerly the 1st Baptist Church, has been converted into an event center and apartment complex. The upper two floors have been completely remodeled to house seven vacation rental apartments. The church sanctuary can accommodate approximately 400 people and features stained glass. There are two kitchens, including one commercial kitchen, and a full basement with classrooms. The property benefits from a special tax arrangement due to its historical remodel, resulting in a zero tax rate on the building. Two additional lots are available for parking. The location experiences a traffic flow of approximately 29,000 cars per day. The property is located next to the convention center, Hilton Hotel, and various downtown Yakima restaurants, breweries, and hotels. Potential business uses include a restaurant, church, winery, or wedding venue with catering and stay packages. The property size is 23,391 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baptist Event Center ... Event Venue First Baptist Church Historical Landmark Fulcrum Innovation Center Coworking Space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.498967
    Latitude
    46.6041812

    Nearby Similar for Sale

    • $1,400,000

      Equestrian Event Center in Yakima

      Unique horse property with business potential near Yakima River Canyon.
      1257 Wa-821, Yakima, WA 98901
      View Details
    • $449,000
      2,007 SF

      Yakima Duplex on Corner Lot

      Centrally located duplex in West Valley, Yakima, WA.
      7209 Maclaren Way, Yakima, WA 98908
      View Details
    • $695,000
      2,752 SF

      West Valley Townhouse Triplex

      Two-level triplex near schools, stores, and parks in Yakima, WA.
      6505 Alpine Way, Yakima, WA 98908
      View Details
    • $449,000
      2,007 SF

      Yakima Duplex on Corner Lot

      Centrally located West Valley duplex, ideal for investment or owner-occupancy.
      7209 Maclaren Way, Yakima, WA 98908
      View Details
    • $1,579,703
      1.86 Acres

      Yakima, WA Business Opportunity

      Commercial property in Yakima, WA for sale.
      2105 Terrace Heights Dr, Yakima, WA 98901
      View Details
    • $589,000
      Pending

      Yakima Commercial Property For Sale

      Commercial property in high-traffic Yakima location, suitable for restaurant/retail.
      1203 N 1St St, Yakima, WA 98901
      View Details

    FAQs

    What type of property is this?
    Wedding venue - Former church converted to event center and vacation rental apartments.
    Where is this wedding venue located?
    The property is located at 515 E Yakima Ave Yakima, WA.
    What is the asking price?
    The asking price for this property is $2,474,000.
    What are key features of this property?
    This property features: - Prime location next to the convention center, Hilton Hotel, and downtown Yakima's restaurants, breweries, and hotels.; - Seven remodeled vacation rental apartments providing immediate income potential.; - Special tax status with historical remodel at zero on the building.
    (509) 728-0654
    Request Owner's contact information
    515 E Yakima Ave Yakima, WA 98902
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    515 E Yakima Ave
    Yakima, WA 98902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 E Yakima Ave Yakima, WA 98902
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.