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    1600 Pacific Ave Yakima, WA 98901

    Sponsored
    For Sale
    $6,900,000

    24.83 Acres, Prime Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity encompasses 24.83 acres of prime commercial land located at 1600 Pacific Ave, Yakima, WA 98901. The property, zoned as Regional Development District (RD) per Yakima Municipal Code, presents a multitude of development possibilities. Its high-visibility location offers easy access from interstate and state highways, making it ideal for a wide range of uses. Envisioned uses include, but are not limited to, an office campus, regional commerce center, recreational facilities, large-scale retail development, light manufacturing, processing plants, research facilities, and high-density residential projects. The zoning also accommodates financial institutions, professional office buildings, hotels, and condominiums. All utilities are conveniently located at the street. This expansive property includes ten parcels (191320-31002, 191320-31003, 191320-31016, 191320-31442, 191320-33053, 191320-34004, 191320-34018, 191320-34019, 191320-34020, 191320-31002) and notably includes an existing Yakima ice rink. The asking price for this significant land holding is $6,900,000. This is a rare chance to acquire a large, strategically located parcel with immense potential for substantial returns. The property's versatility and prime location make it an attractive investment for developers and businesses seeking a prominent presence in the Yakima area.

    Property Features for 1600 Pacific Ave

    General Information

    Property type
    Land
    Lot Size
    1,081,595 SF

    HighLights

    • Yakima Ice Rink included in sale.
    • Ten parcels included: 191320‑31002, 191320‑31003, 191320‑31016, 191320‑31442, 191320‑33053, 191320‑34004, 191320‑34018, 191320‑34019, 191320‑34020.
    • Zoned RD (Regional Development District), allowing for high‑intensity development including retail, residential, office, and light industrial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Yakima Speedway Car Racing Track

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.480281
    Latitude
    46.593858

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    FAQs

    What type of property is this?
    Land - 24.83 Acres, Prime Commercial Land
    Where is this land located?
    The property is located at 1600 Pacific Ave Yakima, WA.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: Yakima Ice Rink included in sale.; Ten parcels included: 191320-31002, 191320-31003, 191320-31016, 191320-31442, 191320-33053, 191320-34004, 191320-34018, 191320-34019, 191320-34020.; Zoned RD (Regional Development District), allowing for high-intensity development including retail, residential, office, and light industrial uses.
    Request Owner's contact information
    1600 Pacific Ave Yakima, WA 98901
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    Yakima, WA 98901
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    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
    1600 Pacific Ave Yakima, WA 98901
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