Retail Building with
301 E Yakima Ave, Yakima, WA 98901
For Sale
Contact for pricing
Commercial Sale, Yakima, WA
Property Size38,000 SF
Lot Size0.34 Acres
Price / SF$0.00
Days on Market103
Property Features for 301 E Yakima Ave
General Information
Property type
Property subtype
Zoning
Parking
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Water source
Building Details
Year built
Listing Agency:
John L Scott Yakima
(150) 996-6990
Listed By:
Josh DeBoer · License #23286
(509) 952-1726
Added: Jul 29
Changed: Oct 7
Last Checked: Nov 8 at 3:06PM
MLS# 295076
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This retail property at 301 E Yakima Avenue offers more than 38,000 square feet across a full basement, main level, and second floor. Constructed in 1960, the building provides a substantial interior footprint for retail, office, institutional, or other commercial applications supported by the Central Bus Dist. Support zoning. The property also includes public water service and electricity availability.
The 0.34-acre site is positioned in downtown Yakima within the city’s Central Business District and a federally designated Opportunity Zone. Its location places the building within Yakima’s regional commercial center, with potential for adaptive reuse or redevelopment based on the property’s scale and multi-level configuration.
The 0.34-acre site is positioned in downtown Yakima within the city’s Central Business District and a federally designated Opportunity Zone. Its location places the building within Yakima’s regional commercial center, with potential for adaptive reuse or redevelopment based on the property’s scale and multi-level configuration.
Key Highlights
- More than 38,000 square feet across a full basement, main level, and second floor
- 0.34‑acre commercial site at 301 E Yakima Avenue
- Located in Yakima’s Central Business District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$268,898
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,377,960
$5.4M
Cap Rate 7%
$3,841,400
$3.8M
Cap Rate 9%
$2,987,756
$3.0M
Market Conditions
NOI Build-Up for 38,000 SF
Gross rent
$465.1K $12.24/SF
− Vacancy
−$34.9K −$0.92/SF
EGI
$430.2K $11.32/SF
− OpEx
−$161.3K −$4.25/SF
NOI
$268.9K $7.08/SF
Area
Yakima County, WA
Vacancy
7.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,377,960
Cap Rate 7%
$3,841,400
Cap Rate 9%
$2,987,756
Alternative Uses
Best Use
Retail
$5.50M
$4.82M – $6.42M
NOI $385,300 @ 7.0% cap · market cap 2,963,846.15%
Second Best
Mixed Use
$3.84M
$3.36M – $4.48M
NOI $268,898 @ 7.0% cap · market cap 2,068,446.15%
Theoretical Best
Office A
$7.72M
$6.75M – $9.00M
NOI $540,184 @ 7.0% cap · market cap 4,155,261.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,946
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 38%
Hotels & Casinos 4%
Home Improvements & Furnishings 2%
Olive Garden
Dining
27,085 visits/mo
0.0 miles
McDonald's
Dining
25,346 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
11,694 visits/mo
0.4 miles
Starbucks
Dining
10,776 visits/mo
0.3 miles
Taco Bell
Dining
9,780 visits/mo
0.4 miles
Demographics for 98901, WA
32,351
Population
12,201
Households
2.7
Avg Household Size
33
Median Age
17%
College-Educated
72%
High-School Grad
184.5 sq mi
ZIP Area
175
Density / Sq Mi
$56,429
Median Household Income
$33,058
Median Earnings
$996
Median Rent
$268,100
Median Home Value
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Market
Properties on Market for Retail space in Yakima
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Multi-level commercial space in Yakima’s Central Business District with public water and electricity available.
Where is this retail space located?
The property is located at 301 E Yakima Ave Yakima, WA.
What are key features of this property?
This property features: More than 38,000 square feet across a full basement, main level, and second floor; 0.34‑acre commercial site at 301 E Yakima Avenue; Located in Yakima’s Central Business District
