Map of Property

Value Add Commercial Building

24 S 1st St, Yakima, WA 98901

  • For Sale $695,000
  • Property Type Retail - Street Retail
  • Property Size 31,500 SF
  • Lot Size 0.41 Acre
  • Year Built 1910
  • Date Updated Sep 4, 2025
THIS OFFERING is for the opportunity to purchase a prominent commercial building with the ground floor leased to a regional home furnishing retailer, Buddy’s Home Furnishings, and unfinished upper floors vacant. Buddy’s and their predecessor have occupied the ground floor since approximately 2000 while the vacant upper floors provide for redevelopment potential or discounted storage areas. The building was originally occupied by its entirety by the Bon Marche. Located in the heart of downtown Yakima at a controlled intersection with more than 27,700 vehicles passing by, the property has significant frontage along S 1st St and is only 1-block south of Yakima Ave.
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Highlights

  • Asking price based upon a 9 cap of the scheduled NOI from the Buddy’s Home Furnishing’s lease plus $58,000 ($10/SF) attributable to the unoccupied upper floors.
  • Located at a controlled intersection in the heart of downtown with traffic counts in excess of 27,700 vehicles per day passing by.
  • Significant pylon sign.
  • Tenant is paying $5,900/month with lease expiring 12/31/26 with one 5-year renewal option. Landlord pays property taxes and insurance. Tenant pays all other expenses.
  • Upper floors provide redevelopment potential (perhaps best converted to multi-family) at a steeply discounted price.

Contacts

broker
Bill Almon, Jr.

Almon Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Yakima, WA
  • Neighborhood Yakima
  • Zip Code 98901
  • Market Tri Cities

Points of Interest

  • Conoco

    0.36 miles

  • Arco

    0.44 miles

  • Safeway Fuel Station

    0.58 miles

  • 7-Eleven

    0.61 miles

  • Electrify America

    1.28 miles

  • 76

    1.78 miles

  • Chevron

    1.87 miles

  • ChargePoint

    4.66 miles

  • North Lot

    1.13 miles

  • Gold Lot

    1.21 miles

  • Carnival

    1.23 miles

  • Lot P

    1.35 miles

  • Lot E

    1.37 miles

  • Lot O

    1.38 miles

  • Lot A

    1.43 miles

  • Lot H - Student Parking

    1.45 miles

  • Lot F

    1.46 miles

  • Lot G - Faculty/Staff

    1.49 miles

  • Golden Wheel

    0.04 miles

  • McDonald's

    0.08 miles

  • Jimmy John's

    0.10 miles

  • Norm's of Yakima

    0.10 miles

  • Sumo Japanese Steakhouse

    0.10 miles

  • Cowiche Canyon Kitchen

    0.12 miles

  • The Ice House

    0.13 miles

  • Crafted

    0.14 miles

  • Casa Vittore

    0.14 miles

  • Gus's Pizza

    0.15 miles

  • Downtown Market

    0.16 miles

  • Safeway

    0.49 miles

  • Mercado de Yakima

    0.60 miles

  • Big Lots

    0.83 miles

  • Target

    0.84 miles

  • Walmart Supercenter

    1.22 miles

  • Fiesta Foods

    1.50 miles

  • Grocery Outlet

    2.13 miles

  • JCPenney

    2.53 miles

  • Ross

    2.54 miles

Frequently Asked Questions

How much does Value Add Commercial Building cost?

The space currently listed for sale at Value Add Commercial Building asks for $695,000.

What is the total square footage of Value Add Commercial Building?

Value Add Commercial Building totals 31,500 square feet.

When was this property built?

Value Add Commercial Building was built in 1910.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Bill Almon, Jr.

Almon Commercial Real Estate

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