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Property profile & analytics
OFF-MARKET
Medical Office Space

208 3rd Ave Yakima, WA 98902-2632

5,400 SF 0.49 ac lot Built 1940
Entity Owned 8-yr Hold Free & Clear
Property ID
US90-3364935
Property summary
AI-generated overview

This exceptional commercial property, located at 208 N 3rd Ave in Yakima, WA, presents a significant investment opportunity. Boasting a substantial 5,400 square feet of space, this general commercial building sits on a generous 0.48-acre lot, offering ample room for expansion, parking, or outdoor operations. The property's strategic location in Yakima provides excellent visibility and accessibility, making it ideal for a wide range of businesses. The asking price is $725,000, representing a compelling value for a property of this size and location within the Yakima market. The building's versatile layout allows for customization to suit diverse business needs, making it an attractive option for entrepreneurs and established companies alike. Its solid construction and ample space provide a strong foundation for future growth and success. The 0.48-acre lot offers significant potential for additional development or outdoor uses, further enhancing the property's overall value and appeal. Serious inquiries are encouraged to explore the possibilities this prime Yakima commercial property offers. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to acquire a substantial commercial property in a thriving Yakima location. Don't miss out on this chance to secure a valuable asset in a dynamic market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1940
Construction WOOD
Total area 5,400 SF
Lot 0.49 ac (21,344 SF)
Zoning code CBD
APN 181324-12431
UPID US90-3364935
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • WorkSafe Yakima Medical Clinic
  • Renee Armstrong Physician
  • Reba Norman Physician
  • Joa Crowder Alternative Medicine Practice Acupuncture
  • ExamWorks Medical Examiner
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rsr LLC · 8 yrs held
Rsr LLC
since 2017
7 recorded transactions
2017
Price N/A
2017
Price N/A
2016
$390,000
2005
Price N/A
2005
$337,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of the central business district is to preserve the business district of the city of Yakima as the regions center of commerce, finance, government, industry, recreation, and culture.

Zone name Central Business District
General category CIVIC_INSTITUTIONAL
Zone area 283.47 ac
Source Realmo
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