Welcome to the Senator and the Savoy! These 3 story buildings are located in the heart of downtown Yakima and walking distance to restaurants, shops, courthouse and The Capitol Theatre. These properties each consist of 3 floors with the ground floor being retail and office and the top two floors consisting of Single Resident Occupancy (SRO) units (93 total). 70% of SRO units in the Senator have been remodeled as well as the common area hallways and some of the common area restrooms. 100% of the units in the Savoy have been renovated as well as the common area and common restrooms. All units rent for $550 which includes all utilities.
The ground floor is anopen canvas of 6500sf per building and this is a value-add -proposition by remodeling the vacant spaces and bring in additional income with retail or office space. The Savoy also has 6500sf of finished basement that has many untapped uses. There is currently one retail tenant in the Senator and the management is using the corner unit in the Senator, but could easily move to a smaller space. Both retail spaces have newer wall to ceiling windows and 14’ ceilings.
ADDRESS
CITY, STATE, & ZIP
UNITS
YEAR BUILT
BUILDING SF
TYPE
CONSTRUCTION:
ZONING
APN
-
1910
40,000 SqFt
Multi-Family
-
Commercial
-
SALE PRICE
PRICE PER UNIT
PRICE PER SF
CAP RATE
MARKET CAP RATE
GRM
MARKET GRM
93 / $42,473.12
$98.75
8.01%
-
-
-
ADDRESS:
CITY, STATE, & ZIP:
UNITS:
-
YEAR BUILT:
1910
BUILDING SF:
40,000 SqFt
TYPE:
Multi-Family
CONSTRUCTION:
-
ZONING:
Commercial
APN:
-
SALE PRICE:
PRICE PER UNIT:
93 / $42,473.12
PRICE PER SF:
$98.75
CAP RATE:
8.01%
MARKET CAP RATE:
-
GRM:
-
MARKET GRM:
-
-
POPULATION
-
HOUSEHOLDS
-
MEDIAN AGE
-
AVERAGE INCOME
At Peak Commercial Group, we are passionate about the world of commercial real estate. With a strong foundation built on expertise, integrity, and exceptional service, we have established ourselves as a trusted name in the industry. Our team of professionals is committed to providing comprehensive solutions tailored to the unique needs of our clients. We pride ourselves on our deep understanding of market trends, investment opportunities, and the dynamics of commercial properties. Whether it's assisting with property acquisitions, lease negotiations, or property management, we strive to deliver outstanding results that exceed expectations.
1017 S 40th Ave Yakima, WA 98908
Russ Roberts, CCIM
Tel:
+1
509-594-7989
Email:
rroberts@ccim.net
Adam Ranger
1017 S 40th Ave Yakima, WA 98908
Russ Roberts, CCIM
Tel:
+1
509-594-7989
Email:
rroberts@ccim.net
Adam Ranger
1017 S 40th Ave Yakima, WA 98908
Tel:
+1
509-594-7989
Email:
rroberts@ccim.net
Adam Ranger
© 2024 Peak Commercial Group All Rights Reserved
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© 2024 Peak Commercial Group | All Rights Reserved
Privacy Policy | Powered by LAUNCH Commercial
© 2024 Peak Commercial Group | All Rights Reserved
Privacy Policy | Powered by LAUNCH Commercial