5110 Tieton Drive, Yakima, WA 98908
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- MLS#: NWM2139781 ( Commercial Sale )
- Street Address: 5110 Tieton Drive
- Viewed: 3
- Price: $4,200,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1949
- Bldg sqft: 0
- Acreage: 2.39 acres
- Additional Information
- Geolocation: 46.5922 / -120.578
- County: YAKIMA
- City: Yakima
- Zipcode: 98908
- Subdivision: West Valley
- Provided by: Berkshire Hathaway HS CW RE
- Contact: Robert Powers
- 509-966-3030
- Provided by: Berkshire Hathaway HS CW RE
- Listings provided courtesy of the North West Multiple Listing Service. Disclaimer: The information contained in this listing has not been verified by Berkshire Hathaway HS CW RE and should be verified by the buyer.
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DescriptionGlenwood Square is a prize property that any investor would want in their portfolio. It touts over 20 years track record of successful operation. To say its at the core of Yakima is appropriate since it was once was an active apple warehouse. Refurbished in 1999, it is home to Zesta Cucina, The Pub and Xochimilco, popular destination restaurants as long term tenants. Each adds color and culture to the environment and a steady flow of patrons. Current operations and sale price suggest a 6.7% cap rate and there is certainly ample opportunity to exceed that this year. Additional financial opportunity exists in the movie/media theatre and reception space rental. Seller financing possible for the right buyer per terms specified by ownership.
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Cement/Concrete
Flooring
- Concrete
- Hardwood
- Carpet
Garage Spaces
- 0.00
Insurance Expense
- 27537.00
Interior Features
- Concrete
- Hardwood
- Wall to Wall Carpet
Living Area
- 0.00
Area Major
- 475 - Yakima County
Net Operating Income
- 279909.00
Open Parking Spaces
- 0.00
Other Expense
- 311626.00
Parcel Number
- 181328-12403
Possession
- Closing
Possible Use
- Retail
Property Condition
- Very Good
Property Type
- Commercial Sale
Roof
- Flat
- Torch Down
Sewer
- Sewer Connected
Tax Year
- 2024
Water Source
- Public
Year Built
- 1949