What is the asking price for Development Land With Rental Improvements?

The lease rate for space here is $495,000.

What is the total size of Development Land With Rental Improvements?

The total area of Development Land With Rental Improvements is 1.71 Acres.

How many parking spaces are available at Development Land With Rental Improvements?

Parking information for the property isn't currently listed. However, other nearby parking options include Perry Technical Institute Overflow Parking Lot, located 1.23 miles away , and Lot T - Visitor Parking, which is 1.29 miles away.

104 W Washington Ave, Union Gap, WA 98903

For Sale $495,000
Property Type VacantLand
Property Size 2,560 SF
Units 1
Lot Size 1.71 Acre
Year Built 1935
Date Updated Oct 31, 2026

Description

Approximately 104 W Washington Avenue, Union Gap, Yakima County, Washington; commonly known as Yakima County Assessor’s Parcel Number 19133-32009.104 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.

Highlights

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