31 N 4th Ave

Description

THIS OFFERING is for the opportunity to purchase a 40,827SF warehouse property in Yakima's Central Business District zoned CBD - this site allows for a broad range of commercial, light-industrial, manufacturing, flex, and retail uses. The property features a secured yard for parking, loading or materials storage and has undergone significant recent capital improvements under current ownership.Recent upgrades include a brand-new torch-down roof layer (in part), newly poured interior concrete flooring, a complete fire suppression system, asbestos remediation, fresh interior and exterior paint, and new interior drywall throughout portions of the building.Formerly home to Franz Bakery, the space has been thoughtfully improved and positioned well for adaptive reuse and stabilization. Market rents are estimated to average $.65/SF/Month.Ownership originally envisioned a mixed-use concept, leasing part of the building as traditional warehouse space while demising the remainder into retail, storage or flex spaces making it well suited for investors, owner-users, or developers seeking versatility in a growing market. Note: the building is mostly vacant with one tenant leasing 7,423SF.