104 W Washington Ave
- Located within Union Gap’s expanding commercial and retail market
- Near the Valley Mall/Costco commercial corridor and significant ongoing development
- urrounded by major national and regional users including Costco, Lowe’s, WinCo Foods, Toyota and other automotive dealerships.
- Positioned near one of Yakima County’s most active concentrations of retail, automotive and commercial development
- Convenient access to Valley Mall Boulevard, Main Street and Interstate 82
- Four separate residential units totaling approximately 2,770 SF
- Existing residential rental income helps offset holding costs while evaluating future redevelopment
- Compelling long-term land play with interim income and existing improvement value
- Approximately $2,550/Month in Existing Rental Income
- Land Value Positioned at Approximately $3.50/SF
- Potential Investment, Owner-User, Repositioning or Redevelopment Opportunity
Property Description
104 W Washington Avenue presents a unique opportunity to acquire approximately 1.70 acres in Union Gap with existing improvements and in-place rental income. The offering is being positioned primarily as a land and redevelopment opportunity, with the underlying 74,052 SF site valued at approximately $3.50/SF and approximately $235,000 of additional value attributed to the existing improvements. This approach provides an investor, owner-user, or developer the ability to acquire a sizable property while benefiting from existing improvements and income during the ownership or planning period. The property currently generates approximately $2,550 per month in rental income, providing meaningful carrying-cost support while a buyer evaluates longer-term redevelopment or repositioning opportunities. Located along W Washington Avenue, just one block east of the S 3rd Avenue/W Washington Avenue intersection, the property offers convenient access within the Union Gap/Yakima commercial market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $495,000 |
| No. of Units: | 1 |
| Year Built: | 1935 |
| Lot Size: | 1.71 Acres |
| Opportunity Zone: | No |
| Price per unit: | $495,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout