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2506 Old Town Rd 2.92 Acres of Commercial Land Offered at $4,817,855 CAD in Union Gap, WA 98903
Investment Highlights
- ±2.92-acre Commercial Gateway site in high-growth corridor
- Less than 0.5 mile to Interstate 82 access, High visibility with strong regional traffic counts
- Gateway to ±39+ acres of adjacent undeveloped land
- Prime location on Old Town Rd, across from Valley Mall
- Existing structure allows adaptive reuse or redevelopment
- Surrounded by expanding retail, medical, and automotive uses
Executive Summary
Strategically positioned along Old Town Rd and directly across from the Valley Mall, the property benefits from established retail traffic and proximity to major national and regional businesses. Interstate I-82 is less than half a mile away, providing excellent connectivity and accessibility.
This site serves as a key gateway to approximately 39+ acres of adjacent, largely undeveloped land, creating a unique opportunity for larger-scale assemblage and future development. Ongoing commercial expansion in the immediate area—including retail, automotive, medical, and quick-service development—further supports the long-term upside and demand for this location.
The existing structure offers flexibility for adaptive reuse or redevelopment, with utilities in place including power, city water, and city sewer. Flat topography and Commercial Gateway zoning allow for a wide range of potential uses (buyer to verify).
Ideal for retail, automotive, medical, hospitality, or mixed-use development, this is a rare chance to secure a highly visible, strategically located parcel in one of the Yakima Valley’s most active growth areas.
Showings by appointment only. Do not disturb occupants.
Property Facts
| Price | $4,817,855 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 2.92 AC |
| No. Lots | 1 | Year Built | 1948 |
| Zoning | Commercial - Commercial | ||
| Price | $4,817,855 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.92 AC |
| Year Built | 1948 |
| Zoning | Commercial - Commercial |
1 Lot Available
Lot
| Price | $4,817,855 CAD | Lot Size | 2.92 AC |
| Price Per AC | $1,649,950.40 CAD |
| Price | $4,817,855 CAD |
| Price Per AC | $1,649,950.40 CAD |
| Lot Size | 2.92 AC |
±2.92-acre Commercial Gateway site in high-growth corridor Less than 0.5 mile to I-82 access Surrounded by expanding retail, medical & automotive uses Flat, usable topography ideal for development Existing structure allows adaptive reuse or redevelop
Description
A premier redevelopment opportunity in the heart of Union Gap’s rapidly expanding commercial corridor. This ±2.92-acre Commercial Gateway site offers exceptional potential for investors and developers seeking a high-visibility location with strong regional access and surrounding growth. Strategically positioned along Old Town Rd and directly across from the Valley Mall, the property benefits from established retail traffic and proximity to major national and regional businesses. Interstate I-82 is less than half a mile away, providing excellent connectivity and accessibility. This site serves as a key gateway to approximately 39+ acres of adjacent, largely undeveloped land, creating a unique opportunity for larger-scale assemblage and future development. Ongoing commercial expansion in the immediate area—including retail, automotive, medical, and quick-service development—further supports the long-term upside and demand for this location. The existing structure offers flexibility for adaptive reuse or redevelopment, with utilities in place including power, city water, and city sewer. Flat topography and Commercial Gateway zoning allow for a wide range of potential uses (buyer to verify). Ideal for retail, automotive, medical, hospitality, or mixed-use development, this is a rare chance to secure a highly visible, strategically located parcel in one of the Yakima Valley’s most active growth areas. Showings by appointment only. Do not disturb occupants.
Property Taxes
| Parcel Number | 191332-33005 | Improvements Assessment | $1,119,092 CAD |
| Land Assessment | $1,069,769 CAD | Total Assessment | $2,188,861 CAD |
Property Taxes
Presented by
2506 Old Town Rd
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