504 N 40th Ave Yakima, WA — Sale in Yakima, WA

  • Price: $2.8M
  • Listing type: For sale
  • Asset type: Office
  • Location: Yakima, WA 98908
  • Size: 18,591 SF
  • Year built: 1993

Investment Figures

Cap rate
8.25%
Price per square foot
$151
Price per unit
$2,800,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Presenting an exceptional investment opportunity ideal for an owner/user in the medical field. The 18,591 sq. ft. Family Medicine of Yakima Building is a nicely built out medical facility located in Yakima's North 40th the 2nd most travel street in Yakima. Situated on a 1.31-acre and zoned B-1 which allows for multiple uses. Plenty of parking with 70 designated parking space. The total square footage is 18,591 sq. ft., including 12,083 sq. ft. finished ground floor, 2,730 sq. ft. finished basement, and 3,778 sq. ft. unfinished basement. The space is optimized for healthcare, featuring 27 exam rooms, a private lab, 2 procedure rooms, 7 private offices, a breakroom, conference room, and a gym. Infrastructure highlights include a metal roof, fully sprinkled interior, and reserved space for a future basement elevator. This property is currently leased to MultiCare Hospital through March 2027. Building SF: 18591 | Land Size: 1.31 Ac | Year Built: 1993 | Listing Type: FOR SALE

Market Context

This office in Yakima, WA is listed for sale at $2,800,000 across 18,591 SF ($151/SF). It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1993. It has been on the market for 70 days. Compare it against other office listings for sale in Yakima, WA — view the full market.

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