Historic Naches Landmark - Seller Financing

Investment Overview

THIS OFFERING presents the opportunity to purchase a classic brick charmer on one of the Yakima Valley's most distinctive small-town main streets. Built in 1917, this 4,488 SF single-story masonry building anchors the corner of 2nd Street with the kind of storefront presence new construction simply can't replicate - an original brick façade, deep display windows with transom glass, and a tile-set bulkhead that has greeted Naches shoppers for more than a century. Positioned at a controlled intersection near restaurants, shopping, and coffee establishments, the property offers excellent visibility and small-town Main Street appeal. Inside, exposed beams and open-span retail volume provide immediate character and flexibility. The floor plan can be cleanly divided into multiple suites, each with its own street frontage and a potential back office area ideal for an owner-user looking to occupy one component while rental income from the other suites help offset debt service. Alternatively, the building can operate as a single flagship space or investment opportunity. The property is well suited for retail, boutique, yoga or fitness studio, coffee house, tasting room, antique or vintage market, office and other compatible uses subject to planning department approval. Naches sits directly along the Chinook Pass corridor (US-12/SR-410), near the base of Mt. Clemans and the gateway to White Pass, benefiting from seasonal Cascade recreation traffic in addition to a loyal local trade area. A brand-new TPO membrane roof, plumbing, all new electrical and HVAC has been installed along with new tuck-pointing eliminating some of the largest deferred-capital items typically associated with a building of this vintage. SELLER FINANCING AVAILABLE.

Investment Highlights

• SELLER FINANCING AVAILABLE
• Historic 1917 Brick Building offering 4,488 SF of distinctive Main Street character - Fully Remodeled
• Prime Corner Location at a controlled intersection with excellent visibility and storefront presence
• Flexible Owner-User Opportunity with the ability to divide the building into multiple suites
• Income-Producing Potential allowing an owner-user to occupy one suite while leasing the others to help offset debt service
• Brand-New TPO Membrane Roof, electrical system, tuck-point, plumbing and HVAC - eliminating some of the property’s largest potential deferred-capital expenses
• Gateway Location to the Cascades & White Pass benefiting from local traffic and seasonal recreation travelers along the US-12/SR-410 corridor
• Great investment opportunity for an investor to take advantage of the SELLER FINANCING to lease-up, stabilize, cash-flow and build instant equity
• A pro-forma $10/SF, NNN rent rate accounting for 5% vacancy loss and 2% replacement reserves equates to a value of $521,325 at an 8% cap rate for immediate upside upon stabilization.