94 Valley Mall BlvdUnion Gap, WA 98903

  • Industrial properties
  • 75,840 SF
For Sale
$10,250,000 View listing

Property Details for 94 Valley Mall Blvd

Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
8.62 AC
Property size (Sq ft)
75,840 SF
Zone code
M2
Property type
Industrial properties
Property subtype
Distribution centers
APN
181201-11405
APU
18120111405

Description

This exceptional 80,715-square-foot warehouse, situated on approximately 6.7 acres (291,852 square feet) in Union Gap, Washington, presents a compelling investment opportunity. Built in 1997, the property boasts a desirable location near the airport and Highway 82, ensuring convenient access and high visibility. The building features an impressive 18+ foot clear height, providing ample storage and operational space. A prominent pylon sign with an electric reader board enhances visibility, while two ingress/egress points facilitate efficient traffic flow. Currently occupied by King Beverage, the property is strategically positioned amongst strong national tenants including Costco, Lowe's, WinCo Foods, and a Yakima car dealership, indicating a robust and stable commercial environment. The warehouse is available for occupancy in the first quarter of 2025, offering a significant opportunity for future development or lease. The asking price is $10,250,000, translating to $126.99 per square foot. The property's size, location, and existing tenant base make it an attractive investment prospect. The zip code is 98903.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $17,044,720
    Hospitality
    $15,612,872
    Educational
    $12,989,726
    Medical
    $13,436,463
    Retail
    $20,206,240
94 Valley Mall Blvd, Union Gap, Washington

Location Insight

City
Union Gap
County
Yakima
State
Washington
Latitude
46.5623
Longitude
-120.505
CBSA code
49420
CBSA name
YAKIMA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$55,374
$1,126,500
$5,477,400
$6,603,900
-
$1,126,500
$5,477,400
$6,603,900

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