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108 W Fremont Ave 2,849 SF 100% Leased Retail Building Selah, WA 98942 $793,074 CAD ($278.37 CAD/SF) 7.31% Cap Rate



Investment Highlights
- Two-Tenant Investment Property
- Established Income-Producing Tenancy
- Stabilized Investment Opportunity with Existing Cash Flow
- NNN Lease Structures
- Limited Comparable Investment Inventory in the Selah Market
Executive Summary
Excellent opportunity to acquire a well-positioned, two-tenant commercial investment property in the heart of Selah, Washington. Located at 108 W Fremont Avenue, the property was substantially remodeled in 2021 and offers an attractive, updated appearance along with established tenants and NNN lease structures. The combination of quality improvements, existing income, and a convenient central location creates a compelling investment opportunity at an offering price of $575,000.
Strategically located just off Selah’s primary commercial corridor, the property benefits from excellent accessibility and close proximity to downtown businesses, residential neighborhoods, and the greater Yakima market. With two income-producing tenants and limited comparable investment inventory available in Selah, 108 W Fremont offers investors an opportunity to acquire a stabilized commercial asset in an established and growing Yakima Valley community.
Strategically located just off Selah’s primary commercial corridor, the property benefits from excellent accessibility and close proximity to downtown businesses, residential neighborhoods, and the greater Yakima market. With two income-producing tenants and limited comparable investment inventory available in Selah, 108 W Fremont offers investors an opportunity to acquire a stabilized commercial asset in an established and growing Yakima Valley community.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,849 SF
Building Class
B
Year Built/Renovated
1978/2021
Price
$793,074 CAD
Price Per SF
$278.37 CAD
Cap Rate
7.31%
NOI
$57,999 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.32 AC
Zoning
B1
Parking
21 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 181435-41420 | Improvements Assessment | $472,259 CAD |
| Land Assessment | $152,270 CAD | Total Assessment | $624,529 CAD |
Property Taxes
Parcel Number
181435-41420
Land Assessment
$152,270 CAD
Improvements Assessment
$472,259 CAD
Total Assessment
$624,529 CAD
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108 W Fremont Ave
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