Map of Property

Value Add Commercial Building

For Sale

24 S 1st St, Yakima, WA 98901

This Yakima property for sale is located at 24 S 1st St. The current listed sale price for Value Add Commercial Building is $695,000. Value Add Commercial Building is situated on a lot that is 0.41 acre in size.

Contacts

broker
Bill Almon, Jr.

Almon Commercial Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 31,500 SF
  • Lot Size 0.41 Acre
  • Year Built 1910
  • Date Updated Sep 4, 2025
THIS OFFERING is for the opportunity to purchase a prominent commercial building with the ground floor leased to a regional home furnishing retailer, Buddy’s Home Furnishings, and unfinished upper floors vacant. Buddy’s and their predecessor have occupied the ground floor since approximately 2000 while the vacant upper floors provide for redevelopment potential or discounted storage areas. The building was originally occupied by its entirety by the Bon Marche. Located in the heart of downtown Yakima at a controlled intersection with more than 27,700 vehicles passing by, the property has significant frontage along S 1st St and is only 1-block south of Yakima Ave.
Want more info on this listing?

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

Highlights

  • Asking price based upon a 9 cap of the scheduled NOI from the Buddy’s Home Furnishing’s lease plus $58,000 ($10/SF) attributable to the unoccupied upper floors.
  • Located at a controlled intersection in the heart of downtown with traffic counts in excess of 27,700 vehicles per day passing by.
  • Significant pylon sign.
  • Tenant is paying $5,900/month with lease expiring 12/31/26 with one 5-year renewal option. Landlord pays property taxes and insurance. Tenant pays all other expenses.
  • Upper floors provide redevelopment potential (perhaps best converted to multi-family) at a steeply discounted price.

Getting around

  • 88/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 58/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Yakima, WA
  • Neighborhood Yakima
  • Zip Code 98901
  • Market Tri Cities

Points of Interest

  • Conoco

    0.36 miles

  • Arco

    0.44 miles

  • Safeway Fuel Station

    0.58 miles

  • 7-Eleven

    0.61 miles

  • Electrify America

    1.28 miles

  • 76

    1.78 miles

  • Chevron

    1.87 miles

  • ChargePoint

    4.66 miles

  • North Lot

    1.13 miles

  • Gold Lot

    1.21 miles

  • Carnival

    1.23 miles

  • Lot P

    1.35 miles

  • Lot E

    1.37 miles

  • Lot O

    1.38 miles

  • Lot A

    1.43 miles

  • Lot H - Student Parking

    1.45 miles

  • Lot F

    1.46 miles

  • Lot G - Faculty/Staff

    1.49 miles

  • Golden Wheel

    0.04 miles

  • McDonald's

    0.08 miles

  • Jimmy John's

    0.10 miles

  • Norm's of Yakima

    0.10 miles

  • Sumo Japanese Steakhouse

    0.10 miles

  • Cowiche Canyon Kitchen

    0.12 miles

  • The Ice House

    0.13 miles

  • Crafted

    0.14 miles

  • Casa Vittore

    0.14 miles

  • Gus's Pizza

    0.15 miles

  • Downtown Market

    0.16 miles

  • Safeway

    0.49 miles

  • Mercado de Yakima

    0.60 miles

  • Big Lots

    0.83 miles

  • Target

    0.84 miles

  • Walmart Supercenter

    1.22 miles

  • Fiesta Foods

    1.50 miles

  • Grocery Outlet

    2.13 miles

  • JCPenney

    2.53 miles

  • Ross

    2.54 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
Bill Almon, Jr.

Almon Commercial Real Estate

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