Flexible Warehouse with Extensive CapEx 2 Propriétés Vente à l’encan en ligne Yakima, WA

Almon Commercial Real Estate is pleased to exclusively present the opportunity to acquire the fee simple interest in 16 N 3rd Avenue and 31 N 4th Avenue in the Central Business District (CBD) of Yakima, Washington. Offering a flexible industrial facility with a range of available growth options, this rare offer delivers a premier choice for commercial, light industrial, manufacturing, flex, and retail businesses. There is substantial upside available for a value-add investor, with the facility positioned for adaptive reuse into multi-tenant mixed-use. This allows a new owner to lease part of the space as a traditional warehouse while demising the remainder into retail, storage, or flex spaces, ensuring flexibility in a growing market.

Spanning a total of 51,566 square feet across a full city block, 16 N 3rd Avenue and 31 N 4th Avenue provides a functional facility that is well-equipped to meet the needs of today’s commercial landscape. The property received extensive capital improvements in recent years, including a partially resurfaced roof, newly poured interior concrete, asbestos remediation, new interior/exterior paint, and new interior drywall. Existing loading capabilities include a dock-high door and seven drive-in doors, as well as a large secure yard for parking, loading, or materials storage. Currently, there is one tenant occupying approximately 7,423 square feet, leaving the remainder available for owner occupancy or leasing.

Strategically placed at the heart of Downtown Yakima, these versatile assets deliver exceptional connectivity to the greater region and beyond, benefitting warehousing and logistics operations. The site is five minutes from Interstate 82, with convenient connections to major highways 12, 24, and 97. These convenient arteries allow businesses to reach major surrounding metropolitan hubs in a short drive, positioned 143 miles from Seattle and 186 miles from Portland. The downtown area also places businesses within an amenity-rich hub, allowing employees to find quality shopping and dining options just steps from the property.

Yakima boasts a steadily rising population and workforce that creates a culture of seamless growth for both businesses and investors. The area is fueled by a significant workforce of more than 60,000 within 5 miles of 16 N 3rd Avenue and 31 N 4th Avenue, with a large number working in industrial segments. No new industrial space has been delivered to the submarket in the past 10 years, reinforcing the value of extensively renovated assets such as the subject property. This has driven stable rent growth, with industrial rents climbing an average of 4% annually during the past five years.

In summary, 16 N 3rd Avenue and 31 N 4th Avenue allow businesses and investors to claim a prime spot in the heart of Downtown Yakima, combining key freeway access, a robust workforce pipeline, and versatile growth potential.

Property tours are by appointment only. Please contact the listing broker to schedule.