5110 Tieton Dr Yakima, WA 98908

Property Details for 5110 Tieton Dr

Year built

1945

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.39 lot acres

Property size

82,730 SF

Zone code

SCC

Property type

Super regional malls

APN

181328-12403

APU

18132812403

Description

This exceptional mixed-use property in Yakima, WA, presents a compelling investment opportunity. The 72,218 square foot building, constructed in 1945 and renovated in 1999, sits on a 2.39-acre lot and features 56,337 square feet of net rentable space. Currently boasting 72% occupancy, the property generates a NOI of $279,909, with a pro-forma NOI of $295,000, resulting in a 6.70% cap rate and a pro-forma cap rate of 7.02%. The asking price is $4,200,000, translating to $58.16 per square foot. The three-story building, zoned SCC, houses a mix of established retail and office tenants, including popular restaurants and a craft beer establishment. Additional leasable space exists, offering potential for increased revenue and cap rate. Unique features include rustic beams, hardwood floors, and ample parking (213 spaces). The property benefits from its strategic location across from a major Catholic church in West Valley, Yakima's highest income per household zip code, within a densely populated area. Seller financing is available to qualified buyers. A pre-qualification letter or proof of funds, along with a non-disclosure agreement, are required for access to confidential information. This property offers a blend of established income and significant upside potential.

Location Insight

City

Yakima

County

Yakima

State

Washington

Longitude

-120.578

Latitude

46.592

CBSA code

49420

CBSA name

YAKIMA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments