5110 Tieton Dr Yakima, WA 98908-4900

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.