Development Land With Rental Improvements

Investment Overview

104 W Washington Avenue presents a unique opportunity to acquire approximately 1.70 acres in Union Gap with existing improvements and in-place rental income. The offering is being positioned primarily as a land and redevelopment opportunity, with the underlying 74,052 SF site valued at approximately $3.50/SF and approximately $235,000 of additional value attributed to the existing improvements. This approach provides an investor, owner-user, or developer the ability to acquire a sizable property while benefiting from existing improvements and income during the ownership or planning period. The property currently generates approximately $2,550 per month in rental income, providing meaningful carrying-cost support while a buyer evaluates longer-term redevelopment or repositioning opportunities. Located along W Washington Avenue, just one block east of the S 3rd Avenue/W Washington Avenue intersection, the property offers convenient access within the Union Gap/Yakima commercial market.

Investment Highlights

• Located within Union Gap’s expanding commercial and retail market
• Near the Valley Mall/Costco commercial corridor and significant ongoing development
• urrounded by major national and regional users including Costco, Lowe’s, WinCo Foods, Toyota and other automotive dealerships.
• Positioned near one of Yakima County’s most active concentrations of retail, automotive and commercial development
• Convenient access to Valley Mall Boulevard, Main Street and Interstate 82
• Four separate residential units totaling approximately 2,770 SF
• Existing residential rental income helps offset holding costs while evaluating future redevelopment
• Compelling long-term land play with interim income and existing improvement value
• Approximately $2,550/Month in Existing Rental Income
• Land Value Positioned at Approximately $3.50/SF
• Potential Investment, Owner-User, Repositioning or Redevelopment Opportunity