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    220 W 1st Ave

    Toppenish, WA 98948
    • $225,000
    • STATUS: Active Under Contract
    • ON SITE: 35 days
    • MLS #: 20-2372
    Under Contract
    $225,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,192
      SQFT
    • $43
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1935

    School Ratings & Info

    Description

    THIS OFFERING is for the opportunity to purchase a fully leased single tenant medical office building where any potential downside is covered by a combination of the significantly below market rent being paid, the length of remaining current lease term (and overall duration of the current tenancy), a below market asking price and an atypically high capitalization rate, therefore providing for a stable, safe investment offering with considerable upside. Historically occupied by Cascade Summit Physical Therapy since late 2007 who the building was originally remodeled for and who has a thriving practice in this location, the tenant recently renewed their term for 5 addition years and more recently expanded their footprint to comprise of the entire building. The lease is corporatelyguaranteed with financials available to bonafide offerors. Located on Toppenish's primary commercial arterial, the property has strong exposure and presence and is suitable for (and should be in relative demand by) a variety of future potential users.

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    © 2020 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joanne Melton Real Estate Team | Keller Williams Realty. Data last updated: 2020-11-23T23:48:41.95.
    www.joannemelton.com/homes/111165201
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    220 W 1st Ave Toppenish, WA 98948

    • Price: $225,000
    • Status: Active Under Contract
    • MLS #: 20-2372
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,192
    SQFT
    $43
    $/SQFT
    1935
    Built
    Neighborhood:
    13K - Toppenish
    Area:
    13K - Toppenish
    Property Description
    THIS OFFERING is for the opportunity to purchase a fully leased single tenant medical office building where any potential downside is covered by a combination of the significantly below market rent being paid, the length of remaining current lease term (and overall duration of the current tenancy), a below market asking price and an atypically high capitalization rate, therefore providing for a stable, safe investment offering with considerable upside. Historically occupied by Cascade Summit Physical Therapy since late 2007 who the building was originally remodeled for and who has a thriving practice in this location, the tenant recently renewed their term for 5 addition years and more recently expanded their footprint to comprise of the entire building. The lease is corporatelyguaranteed with financials available to bonafide offerors. Located on Toppenish's primary commercial arterial, the property has strong exposure and presence and is suitable for (and should be in relative demand by) a variety of future potential users.
    Exterior Features

    Construction Frame Lot Depth Feet 0.00 Lot Front Feet 0.00 Lot Size 0 - .25 Acres Roof Built-Up

    Interior Features

    Heating Forced AirGas

    Property Features

    Commercial Type Commercial Property Contingency Contingent Detail Use Medical Office List Price Description Total List Price Main Use Office Sewage System Connected Tax Designation None Tax Year 2020 Taxes 2449.00 Water Public Water Zoning B2 - Local Business

    Listing provided courtesy of Bill Almon, Jr of Almon Commercial-Residential Real Estate.


    © 2020 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joanne Melton Real Estate Team | Keller Williams Realty. Data last updated: 2020-11-23T23:48:41.95.
     
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    Joanne Melton Real Estate Team | Keller Williams Realty
    1017 S. 40th Ave.
    Yakima WA, 98908