221 Martin Luther King Jr Blvd Yakima, WA 98901-2344
This exceptional opportunity presents a 42,201 square foot, three-story building located at 221 E Martin Luther King Jr Blvd in the heart of downtown Yakima, WA. Built in 1908, this historic structure boasts timeless charm and character, constructed of stone and brick with original stained-glass windows and a tile roof. Currently vacant, the property is zoned for commercial use and sits on a 0.52-acre lot (APN: 191319-22449). The expansive interior offers a multitude of possibilities. Features include ample space suitable for congregations or community gatherings, multiple large classrooms, private offices, a full commercial kitchen, a coffee shop, a theater area with a stage, and a full basement containing a workshop and a small apartment. Its prime downtown location provides easy access to Yakima's amenities. This property presents a unique opportunity for renovation and customization to suit a variety of needs, making it an ideal investment for those seeking a historic building with significant potential. The asking price is $1,400,000.
-
Sunrise Outreach Center Charitable Organization Social Service Agency
-
Yakima Vineyard Church
-
Ministerio Internacional Casa De Restauracion Church
-
Catalyst Coffee Cafe & Coffee Shop
-
SOC - Our Daily Bread - Food Distribution Center Food Bank Charitable Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Yakima, WAYakima. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.