509 N. 4th St. Yakima, WA 98901

SOLD PROPERTY

509 N. 4th St.
Yakima, WA 98901

This exceptional property presents а remarkable opportunity for investors, organizations, and entrepreneurs. Featuring 39,276 square feet throughout two buildings within an opportunity zone, this versatile space holds immense potential for repurposing or redevelopment. With its previous use as a church, the property offers a unique foundation for a range of purposes, from religious organizations to community centers, educational institutions, event venues, and creative workspaces. The expansive 2.54-acre land provides ample room for expansion or outdoor amenities, while the low tax rate of $0.03 per square foot for 2022 adds further appeal. Zoned B1, the property allows for diverse commercial uses, ensuring flexibility in planning your venture. With its prime location, advantageous tax benefits, and ample space for customization, this property represents a captivating investment opportunity ready to be transformed into a thriving and vibrant space. Don't miss the chance to secure this exceptional property and unlock its endless possibilities.

PROPERTY DESCRIPTION


ADDRESS

CITY, STATE, & ZIP

UNITS

YEAR BUILT

BUILDING SF

TYPE

CONSTRUCTION

ZONING

APN

509 N. 4th St.
Yakima, WA 98901

-

-

70,930 SqFt

Commercial Building

-

-

-

OFFERING SUMMARY


SALE PRICE

PRICE PER UNIT

PRICE PER SF

CAP RATE

MARKET CAP RATE

GRM

MARKET GRM

$1,800,000

$192,857

$209

4.03%

11.06%

-

-

PROPERTY DESCRIPTION


ADDRESS

509 N. 4th St.

CITY, STATE, & ZIP

Yakima, WA 98901

UNITS

-

YEAR BUILT

-

BUILDING SF

70,930 SqFt

TYPE

Commercial Building

CONSTRUCTION

-

ZONING

-

APN

-

OFFERING SUMMARY


SALE PRICE

$1,800,000

PRICE PER UNIT

$192,857

PRICE PER SF

$209

CAP RATE

4.03%

MARKET CAP RATE

11.06%

GRM

-

MARKET GRM

-

AERIAL PHOTOS


DEMOGRAPHICS


A white background with a few lines on it

37,715

POPULATION

A white background with a few lines on it

-

HOUSEHOLDS

A couple of people standing next to each other with an arrow pointing up.

-

MEDIAN AGE

A black and white drawing of a bag of money and a calculator.

$41,698

AVERAGE INCOME