WA
Yakima
Toppenish
98948
841 W 1st Ave
841 W 1st Ave, Toppenish, WA 98948
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Listing Type
Commercial/Industrial
Listing Status
Active
26
$1,299,000

Home Details for 841 W 1st Ave

Price
$1,299,000
Type
Commercial Sale
Square feet
8640
Year built
2015
Lot size acres
1.28
County
Yakima
Basement
None
MLS Listing#
293283
Property Description

This fully leased, 2015-built 8-unit retail strip center offers investors stable in-place cash flow with clear upside through improved lease economics and site utilization. Offered at $150.34 PPSF The property totals 8,640 SF on a 1.28-acre parcel with strong frontage and visibility along a primary commercial corridor in Toppenish, WA, providing convenient access for local and regional traffic. The intersection going north and south on SR 97 reports a Annual Average Daily Traffic count (AADT) of approximately 11,000. A major differentiator in this market is the site's substantial on-site parking, supporting higher-traffic users, operational flexibility, and long-term tenant retention. Value-Add / Upside: In addition to current occupancy, the asset presents a compelling opportunity to enhance value over time through lease restructuring, expense allocations/CAM recovery, and rent optimization as leases roll. The property also includes excess land to the rear that may support additional income-generating uses and future development concepts--such as expanded retail/service uses or a convenience-oriented configuration (including potential fuel-related improvements near the existing food-truck area)--subject to buyer verification of zoning, utilities, access, and required approvals. The center is 100% occupied with a diverse tenant mix including an established insurance agency, a pawn shop (3 units), Cricket Wireless, a smoke shop, a nail salon, and a spice & herb retailer. Tenant history ranges from 5 to 26 years, and the property has experienced two lease signings within the past year, supporting both long-standing stability and refreshed lease activity. A long-standing food truck operator also provides supplemental income with reliable payment history. With modern construction, strong visibility, established tenancy, and multiple paths to NOI growth, this property is well-suited for 1031 buyers and value-add retail investors

Property Features
  • Utilities
    • Sewer Connected
    • Electricity Connected
    • Natural Gas Connected
  • Heating Information
    • Electric
    • Natural Gas
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Basement
    • None
Listing Courtesy: John L Scott Yakima - 150-996-6990
Listings courtesy of PACMLS/Tri City AOR. IDX information is provided exclusively for consumers’ personal, non- commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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Market statistics compiled from data from Tri-City Association of Realtors.
EXIT REALTY TRI-CITIES LIFE
8656 W Gage Blvd, Suite 205, Kennewick, WA 99336
Office
509 551 4770
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