Full-Service Restaurant with
For Sale
Contact for pricing
905 North 1st Street, Yakima, WA 98901
Well-maintained restaurant building with seating for about 269 and walk-in freezers, delivered vacant for new occupancy.
Property Size8,383 SF
Lot Size1.95 Acres
Price / SF$113.32
Days on Market141
Property Features for 905 North 1st Street
General Information
Standard status
Active
Size
8,383 SF
Total Parking Spaces
124
Lot size
1.95 Acres
Property subtype
Retail
Zoning
GC
Investment Type
Owner/User
Additional Details
Traffic Count
18,500 vehicles/day
Building Details
Year Built
1991
Units
124
Listing Agency:
Almon Commercial Real Estate
Listed By:
Bill Almon · License #WA 17047
(509) 961-7575
Source:
Crexi
Added: Jun 15
Changed: Oct 31
Last Checked: Nov 1 at 4:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Almon Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering is for a prominent, full-service restaurant building currently presented for purchase as vacant at closing. The property includes walk-in freezers and a well-maintained structure with estimated seating capacity for about 269. Existing furniture, fixtures and equipment may be available for purchase, with terms to be negotiated.
The restaurant is located at a controlled corner intersection in Yakima, Washington, fronting a major commercial arterial with over 18,500 vehicles per day passing the property. The site is an oversized 1.95-acre parcel with approximately 124 parking stalls, supporting convenient customer access.
This asset is well-suited for an operator or buyer seeking a turnkey restaurant footprint with meaningful on-site parking and kitchen-ready components such as walk-in freezers. With the building delivered vacant as of closing and the option to purchase existing FFE subject to negotiation, it can provide a practical starting point for a new full-service concept or continued restaurant use.
The restaurant is located at a controlled corner intersection in Yakima, Washington, fronting a major commercial arterial with over 18,500 vehicles per day passing the property. The site is an oversized 1.95-acre parcel with approximately 124 parking stalls, supporting convenient customer access.
This asset is well-suited for an operator or buyer seeking a turnkey restaurant footprint with meaningful on-site parking and kitchen-ready components such as walk-in freezers. With the building delivered vacant as of closing and the option to purchase existing FFE subject to negotiation, it can provide a practical starting point for a new full-service concept or continued restaurant use.
Key Highlights
- Well‑maintained restaurant building built in 1991
- Seating capacity of approximately 269
- Walk‑in freezers included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,288
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,760
$1.7M
Cap Rate 7%
$1,218,400
$1.2M
Cap Rate 9%
$947,644
$947.6K
Market Conditions
NOI Build-Up for 8,383 SF
Gross rent
$118.7K $14.16/SF
− Vacancy
−$5.0K −$0.59/SF
EGI
$113.7K $13.57/SF
− OpEx
−$28.4K −$3.39/SF
NOI
$85.3K $10.17/SF
Area
Yakima County, WA
Vacancy
4.20%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,760
Cap Rate 7%
$1,218,400
Cap Rate 9%
$947,644
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,288 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,167 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 34%
Hotels & Casinos 6%
Jack in the Box
Dining
6,240 visits/mo
0.1 miles
Red Lobster
Dining
3,920 visits/mo
0.0 miles
ARCO
Shops & Services
2,292 visits/mo
0.1 miles
76
Shops & Services
2,188 visits/mo
0.4 miles
AMPM
Shops & Services
1,289 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-maintained restaurant building with seating for about 269 and walk-in freezers, delivered vacant for new occupancy.
Where is this conventional restaurant located?
The property is located at 905 North 1st Street Yakima, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Well‑maintained restaurant building built in 1991; Seating capacity of approximately 269; Walk‑in freezers included
