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5110 Tieton Drive

Yakima, WA 98908
  • $4,600,000
  • STATUS: Active
  • ON SITE: 145 Days
  • ID#: 1964798
UPDATED: 55 min ago
$4,600,000
  • 0
    BEDS
  • 2.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Northwest MLS logoListing Courtesy of Berkshire Hathaway Hs Cw Re: 509-966-3030.


Description

Glenwood Square is a prize property that any investor would want in their portfolio. It has a 20 year track record of successful operation. To say its at the core of Yakima is appropriate since it was once was an active apple warehouse. Refurbished in 1999, it is home to Zesta Cucina and Xochimilco, popular destination restaurants and long term tenants. Each adds color and culture to the environment and a steady flow of patrons daily. Pre-Covid NOI of Glenwood Square would put the current sale price at 6% cap rate and there is certainly ample opportunity to achieve that level again. Additional financial opportunity exists in movie/media theatre and reception space rental.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2022-11-30T15:15:06.217. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-11-30T15:15:06.217. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.vipteamwa.com/homes/130669502
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5110 Tieton Drive Yakima, WA 98908

  • Price: $4,600,000
  • Status: Active
  • On Site: 145 Days
  • Updated: 55 min ago
  • ID#: 1964798
0
Beds
0
Baths
0
½ Baths
2.39
Acres
Neighborhood:
West Valley
County:
Yakima
Area:
Yakima County
Property Description
Glenwood Square is a prize property that any investor would want in their portfolio. It has a 20 year track record of successful operation. To say its at the core of Yakima is appropriate since it was once was an active apple warehouse. Refurbished in 1999, it is home to Zesta Cucina and Xochimilco, popular destination restaurants and long term tenants. Each adds color and culture to the environment and a steady flow of patrons daily. Pre-Covid NOI of Glenwood Square would put the current sale price at 6% cap rate and there is certainly ample opportunity to achieve that level again. Additional financial opportunity exists in movie/media theatre and reception space rental.
Exterior Features

Carport YN No Exterior Features Cement/Concrete Open Parking YN No Parking Total 213 Roof FlatTorch Down Structure Type Retail Style Code 75 - Retail Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Flooring ConcreteHardwoodCarpet Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Forced AirConcreteHardwoodWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Common Interest Commercial Industrial Cumulative Days On Market 58 Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Possession Closing Possible Use Retail Power Production Type ElectricNatural Gas Property Condition Very Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 28124 Tax Year 2022 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Source Public Year Built Effective 1999 Zoning Class Retail Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Realty and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2022-11-30T15:15:06.217. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-11-30T15:15:06.217. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Keller Williams Realty
1029 E Main Street, Suite 201
Puyallup WA, 98372
Northwest MLS logoListing Courtesy of Berkshire Hathaway Hs Cw Re: 509-966-3030.