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34281697
34281706

1508 E NOB HILL BLVD, YAKIMA, WA 98901-3657 For Sale

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
TL
WA 24007779
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$5,500,000
11 days on market
Updated 11 days ago

Former Great Floors

Details
Property Type Retail, Industrial
Sub Type Warehouse, Flex (+1)
Square Footage 25,600
Net Rentable (SqFt) 25,600
Units 1
Tenancy Vacant
Brand/Tenant Great Floors
Price per SqFt $215
Year Built 1979
Year Renovated 2023
Buildings 1
Stories 1
Acreage 1.190
Zoning General Commerical
Investment Type Owner/User
Ground Lease No
Dock High Doors 1
Ownership Fee Simple

$2.9M Renovation | Turn-Key Buildout

Marketing description

The Brown Group of Marcus & Millichap has been selected to exclusively market for sale the Former Great Floors retail, showroom, and distribution facility located in Yakima, Washington. Situated on a highly visible commercial corridor just off Interstate 82, the Property consists of a recently renovated 25,600-square-foot commercial building featuring approximately 8,400 square feet of showroom space, 14,700 square feet of warehouse/distribution area, multiple private offices, and supporting amenities. The Property underwent a $2.9M renovation in 2022–2023 including a 10,000-square-foot building addition, structural repairs and maintenance, HVAC replacement, updated mechanical systems, LED lighting upgrades, and other site improvements, positioning the asset as a true turn-key opportunity for an owner-user or investor. The facility is equipped with three grade-level roll-up doors, one dock-high loading position, high-clear warehouse space, fenced yard area, ample parking, and prominent pylon signage. Located near the signalized intersection of E Nob Hill Boulevard and S 18th Street, the Property benefits from exposure to more than 32,000 vehicles per day and immediate access to Interstate 82, which carries over 40,500 vehicles per day. Large-format commercial properties of this size remain scarce within the Yakima market, where vacancy for retail and industrial spaces between 20,000 and 30,000 square feet remains near 4% and market rents have increased approximately 19% over the past five years. Additionally, Washington State has no state income tax, further enhancing returns for both users and investors.

Investment highlights

Turn-Key Owner/User Opportunity | Retail Showroom + Warehouse

Recent $2.9 Million Property Renovation

High-Traffic, High Visibility Location with Immediate Access to I-82 (50,000+ VPD)

Flexible GC (General Commercial) Zoning

Immediate Occupancy Opportunity

High Barrier-to-Entry Submarket with Low Vacancy and Strong Rent Growth

Income Tax-Free State

Listing Contacts

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
TL
WA 24007779
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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Additional Information

Name
Clayton J. Brown
License
WA 123258
Brokerage Phone
(206) 826-5787
Name
Trevor Lane
License
24007779
Brokerage
Marcus & Millichap
Title
Brokerage Coordinator
Brokerage Address
401 Union Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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