Lincoln Square - Fully Occupied Investment Property

For Sale

1115 W Lincoln Ave, Yakima, WA 98902

This Yakima property for sale is located at 1115 W Lincoln Ave. The general use of Lincoln Square - Fully Occupied Investment Property is office and it incorporates 12,751 square feet of class C office space. The current listed sale price for Lincoln Square - Fully Occupied Investment Property is $1,522,113.

Contacts

broker
William C. Almon Jr.

Almon Commercial Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 12,751 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1999
  • Date Updated Aug 1, 2025
THIS OFFERING is for the opportunity to purchase Lincoln Square, a fully occupied multi-tenant commercial building. Located on the cusp of downtown on a busy commercial arterial, this building fills a niche need of providing affordable, smaller office and retail spaces. Ownership has recently made a concerted effort to focus its leasing efforts on procuring professional office tenants at fair market rent and on triple-net leases, which approximately 64% of the building now benefits from. This is a simple, transparent and affordable offering providing a rare opportunity to acquire a stabilized investment property at a reasonable capitalization rate that does not manipulate the value above fair market.THIS OFFERING is for the opportunity to lease affordable and difficult to find small office space near downtown. Located along a prime commercial arterial with good exposure, access and visibility, the space is configured with a reception area, 3 private offices and a large conference room, and is the only currently available space within this 9-unit office/retail building. Low CAM’s/NNN’s, which include water, sewer and garbage, budgeted at approximately $3/SF.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 64% of the building is leased at fair market rent and triple-net, while 36% of the building is leased at below market rent and semi-gross, providing a simple path to upside while providing downside protection.
  • An emphasis has recently been placed on procuring traditional professional office tenants (rather than retail) and converting leases to triple-net.
  • High traffic location on the cusp of downtown.
  • Rare opportunity to purchase an investment grade property where the cap rate does not manipulate the price/SF above market.
  • The fair market value of the building, if sold vacant, is approximately $125/SF, and should consistently command rental rates between $11 - $12/SF, NNN.

Getting around

  • 85/100

    Walk Score ®

  • 33/100

    Transit Score ®

  • 61/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Yakima, WA
  • Neighborhood Yakima
  • Zip Code 98902
  • Market Tri Cities

Points of Interest

  • Safeway Fuel Station

    0.18 miles

  • Conoco

    0.68 miles

  • Arco

    0.84 miles

  • 7-Eleven

    1.30 miles

  • Electrify America

    2.01 miles

  • Fred Meyer Fuel Center

    2.24 miles

  • ChargePoint

    3.98 miles

  • Lot P

    1.06 miles

  • Lot A

    1.17 miles

  • Lot E

    1.17 miles

  • Lot B

    1.24 miles

  • Lot F

    1.25 miles

  • Lot O

    1.25 miles

  • Lot C - Visitor Parking

    1.25 miles

  • Lot D - Admin Parking

    1.26 miles

  • Lot H - Student Parking

    1.28 miles

  • Lot G - Faculty/Staff

    1.28 miles

  • Western Motel

    0.60 miles

  • Red Apple Motel

    0.66 miles

  • Holiday Lodge

    0.67 miles

  • Bali Hai Motel

    0.74 miles

  • Yakima Valley Inn

    0.79 miles

  • Hotel Maison Yakima Tapestry Collection by Hilton

    0.93 miles

  • Yakima Inn

    0.93 miles

  • Budget Inn Yakima

    0.95 miles

  • Hilton Garden Inn Yakima

    0.97 miles

  • Econo Lodge

    0.97 miles

  • Safeway

    0.27 miles

  • Mercado de Yakima

    0.72 miles

  • Downtown Market

    0.92 miles

  • Big Lots

    1.48 miles

  • Target

    1.50 miles

  • Walmart Supercenter

    1.96 miles

  • Fiesta Foods

    2.13 miles

  • Bi-Mart

    2.14 miles

  • Fred Meyer

    2.34 miles

  • Grocery Outlet

    2.66 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
William C. Almon Jr.

Almon Commercial Real Estate

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.