Map of Property

Lincoln Square - Fully Occupied Investment Property

1115 W Lincoln Ave, Yakima, WA 98902

  • For Sale $1,522,113
  • Property Type Office - General Office
  • Property Size 12,751 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1999
  • Date Updated Aug 1, 2025
THIS OFFERING is for the opportunity to purchase Lincoln Square, a fully occupied multi-tenant commercial building. Located on the cusp of downtown on a busy commercial arterial, this building fills a niche need of providing affordable, smaller office and retail spaces. Ownership has recently made a concerted effort to focus its leasing efforts on procuring professional office tenants at fair market rent and on triple-net leases, which approximately 64% of the building now benefits from. This is a simple, transparent and affordable offering providing a rare opportunity to acquire a stabilized investment property at a reasonable capitalization rate that does not manipulate the value above fair market.THIS OFFERING is for the opportunity to lease affordable and difficult to find small office space near downtown. Located along a prime commercial arterial with good exposure, access and visibility, the space is configured with a reception area, 3 private offices and a large conference room, and is the only currently available space within this 9-unit office/retail building. Low CAM’s/NNN’s, which include water, sewer and garbage, budgeted at approximately $3/SF.
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Highlights

  • 64% of the building is leased at fair market rent and triple-net, while 36% of the building is leased at below market rent and semi-gross, providing a simple path to upside while providing downside protection.
  • An emphasis has recently been placed on procuring traditional professional office tenants (rather than retail) and converting leases to triple-net.
  • High traffic location on the cusp of downtown.
  • Rare opportunity to purchase an investment grade property where the cap rate does not manipulate the price/SF above market.
  • The fair market value of the building, if sold vacant, is approximately $125/SF, and should consistently command rental rates between $11 - $12/SF, NNN.

Contacts

broker
William C. Almon Jr.

Almon Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    85/100 Very Walkable

  • Transit Score ®

    33/100 Some Transit

  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Yakima, WA
  • Neighborhood Yakima
  • Zip Code 98902
  • Market Tri Cities

Points of Interest

  • Safeway Fuel Station

    0.18 miles

  • Conoco

    0.68 miles

  • Arco

    0.84 miles

  • 7-Eleven

    1.30 miles

  • Electrify America

    2.01 miles

  • Fred Meyer Fuel Center

    2.24 miles

  • ChargePoint

    3.98 miles

  • Lot P

    1.06 miles

  • Lot A

    1.17 miles

  • Lot E

    1.17 miles

  • Lot B

    1.24 miles

  • Lot F

    1.25 miles

  • Lot O

    1.25 miles

  • Lot C - Visitor Parking

    1.25 miles

  • Lot D - Admin Parking

    1.26 miles

  • Lot H - Student Parking

    1.28 miles

  • Lot G - Faculty/Staff

    1.28 miles

  • Western Motel

    0.60 miles

  • Red Apple Motel

    0.66 miles

  • Holiday Lodge

    0.67 miles

  • Bali Hai Motel

    0.74 miles

  • Yakima Valley Inn

    0.79 miles

  • Hotel Maison Yakima Tapestry Collection by Hilton

    0.93 miles

  • Yakima Inn

    0.93 miles

  • Budget Inn Yakima

    0.95 miles

  • Hilton Garden Inn Yakima

    0.97 miles

  • Econo Lodge

    0.97 miles

  • Famous Burger And Teriyaki Sandwich

    0.25 miles

  • Taco Time

    0.31 miles

  • The Lariat

    0.32 miles

  • Ron's Tacos and Burgers

    0.41 miles

  • McDonald's

    0.45 miles

  • Papa Murphy's

    0.46 miles

  • Subway

    0.47 miles

  • The Spice

    0.47 miles

  • KFC

    0.49 miles

  • Major's

    0.51 miles

  • Garfield Elementary School

    0.33 miles

  • Brookside Academy

    0.56 miles

  • A. C. Davis High School

    0.57 miles

  • Saint Pauls Cathedral School

    0.59 miles

  • Roosevelt Elementary School

    0.59 miles

  • Evergreen Beauty College

    0.69 miles

  • McKinley Elementary School

    0.85 miles

  • Saint Josephs-Marquette Middle School

    0.87 miles

  • Barge-Lincoln Elementary School

    0.95 miles

  • Franklin Middle School

    0.96 miles

  • KinderCare

    2.66 miles

  • Robert Lince Early Learning Center Preschool & Kindergarten

    3.45 miles

  • Selah Early Learning Center

    3.49 miles

  • Busy Bear Daycare

    4.30 miles

Frequently Asked Questions

How much does Lincoln Square - Fully Occupied Investment Property cost?

The space currently listed for sale at Lincoln Square - Fully Occupied Investment Property asks for $1,522,113.

What is the total square footage of Lincoln Square - Fully Occupied Investment Property?

Lincoln Square - Fully Occupied Investment Property totals 12,751 square feet.

When was this property built?

Lincoln Square - Fully Occupied Investment Property was built in 1999.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
William C. Almon Jr.

Almon Commercial Real Estate

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