Multi-Tenant Retail Building

For Sale

211 S Chestnut St, Toppenish, WA 98948

This Toppenish property for sale is located at 211 S Chestnut St. The general use of Multi-Tenant Retail Building is retail and it incorporates 4,395 square feet of class C retail space. The current listed sale price for Multi-Tenant Retail Building is $350,000. Multi-Tenant Retail Building is situated on a lot that is 0.16 acre in size.

Contacts

broker

Bill Almon, Jr.

Almon Commercial Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 4,395 SF
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1974
  • Date Updated Aug 9, 2024
THIS OFFERING is for the opportunity to purchase a well-located multi-tenant retail building in the heart of downtown Toppenish at a below market price. While currently fully occupied, Papa Murphy’s is relocating to a larger building, making the property ideal for an owner/user interested in occupying their approximately 1,184SF space and benefiting from passive income from the remaining leases. Rents are below market leaving future upside to capitalize on, as the average annualized rate is approximately $8.46/SF, modified gross, including Papa Murphy’s, or approximately $6.91/SF attributable to the remaining spaces.THIS OFFERING is for the opportunity to purchase a well-located multi-tenant retail building in the heart of downtown Toppenish at a below market price. While currently fully occupied, Papa Murphy’s is relocating to a larger building, making the property ideal for an owner/user interested in occupying their approximately 1,184SF space and benefiting from passive income from the remaining leases. Rents are below market leaving future upside to capitalize on, as the average annualized rate is approximately $8.46/SF, modified gross, including Papa Murphy’s, or approximately $6.91/SF attributable to the remaining spaces.

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Highlights

  • Approximately 1,184SF of quick service restaurant or retail space available to occupy after Papa Murphy’s vacates with the remainder leased.
  • Strong location in downtown Toppenish with access, presence and visibility from three arterials.
  • Current rents are below market at approximately $8.46/SF/year, modified gross (or $6.91/SF/year towards the occupied spaces after Papa Murphy’s vacates).
  • Three of the four suites have been nicely updated and show well.

Getting around

  • 75/100

    Walk Score ®

  • 50/100

    Bike Score ®

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Location

  • City Toppenish, WA
  • Neighborhood Toppenish
  • Zip Code 98948
  • Market Tri Cities

Points of Interest

  • Conoco

    0.05 miles

  • Topp Stop Texaco

    0.18 miles

  • Western Gas

    0.18 miles

  • Safeway Fuel Station

    0.22 miles

  • Conoco

    0.38 miles

  • Highway 97 Truck Plaza

    0.52 miles

  • CFN

    0.74 miles

  • Chevron

    2.83 miles

  • Union 76

    3.29 miles

  • Conoco

    6.84 miles

  • Zillah Bridge Public Access

    2.47 miles

  • Buena Pond Public Access

    3.23 miles

  • Ponds 4 & 5 Public Access

    4.77 miles

  • Visitor Contact Parking

    4.82 miles

  • Headquarters Parking

    4.91 miles

  • Pumphouse Road Parking

    5.36 miles

  • Fitzsimmons Public Access

    5.57 miles

  • Pond 3 Public Access

    7.42 miles

  • I-82 Ponds Wildlife Area

    7.50 miles

  • Ponds 1 & 2 Public Access

    8.75 miles

  • Papa Murphy's

    0.00 miles

  • Pablitos Pizza

    0.02 miles

  • Dairy Queen

    0.07 miles

  • Taco Bell

    0.20 miles

  • KFC

    0.20 miles

  • Subway

    0.22 miles

  • McDonald's

    0.29 miles

  • Mi Pueblito

    0.41 miles

  • El Charrito

    0.46 miles

  • Cafe Oaxaca

    0.47 miles

  • Safeway

    0.23 miles

  • Blue Sky Market

    0.50 miles

  • Juanito's Foods

    2.67 miles

  • Zillah Food Center

    3.11 miles

  • International Market

    7.26 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Bill Almon, Jr.

Almon Commercial Real Estate