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Historic Downtown Office Suites & Event Space 15 N Naches Ave
15,896 SF 26% Leased Office Building Online Auction Sale Yakima, WA 98901
Investment Highlights
- This historic gem comprises 27 leasable spaces, including office suites, a meeting room, and an impressive ballroom with exposed brick walls.
- Near the heart of downtown Yakima, the property places tenants near popular restaurants, downtown entertainment, and the Yakima Event Center.
- Growing 10-mile population of more than 162,000 and daytime employment of over 69,000 presents a valuable pool of new potential tenants.
- Desirable features include 24/7 secure access, dedicated gated parking, a private courtyard, and a shared kitchen and conference space.
- Property is easily accessible by commuters via Interstate 82, with convenient connections available to Highways 12, 97, and 823.
Executive Summary
Spanning 15,896 square feet across two stories and a finished basement, the iconic brick structure offers versatile possibilities for residential and commercial use. With 27 leasable spaces, including functional office suites, a large event space, and a grand ballroom, the property is ideal for a wide range of businesses. Desirable property amenities include 24/7 secure access, a private courtyard, a common kitchen, gated parking, and a shared conference room with a gas fireplace. Tenants enjoy access to high-speed Wi-Fi, dedicated parking spaces, and remodeled bathrooms. Currently 26% occupied, the property provides a meaningful value-add opportunity to lease the remaining spaces at market rents or utilize the space for a new owner’s business operations.
Strategically placed just one block off Yakima’s main downtown corridor on a 0.48-acre corner lot with CBD zoning, 15 N Naches Avenue sits within steps of the city’s best amenities. Tenants can easily walk to top-rated local restaurants, national retailers, major flag hotels, the Seasons Performance Hall, and the Yakima Event and Convention Center. Reaching the property is made easy by quick access to Interstate 82, with further connections to the 12, 97, and 823 Highways.
Located in Central Washington, the city of Yakima is both peaceful and quaint, just 60 miles southeast of Mount Rainer. It’s located inside the Yakima Valley, which is noted for its abundance of apples, hops, and wineries. Locals are afforded many award-winning wines in Yakima, the heart of Washington Wine Country. The city’s laidback vibe and rich history attract residents, delivering a robust demographic profile within 10 miles of 15 N Naches Avenue. The growing population currently exceeds 162,000, with daytime employment of more than 69,000. This presents a valuable pool of potential tenants for office and meeting spaces in the city.
Seize the chance to own a historic jewel of the Yakima Valley with the office and event space at 15 N Naches Avenue.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Yakima - WA USA
Market Cap Rate
Yakima - WA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Amenities
- 24 Hour Access
- Fireplace
- Security System
- Kitchen
- Central Heating
- High Ceilings
- Wi-Fi
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Nicest office in town with gas fireplace, exposed beams, lead glass windows and built-in cabinets. It's 591sf with lots of windows to let in the natural light. Le Chateau downtown is a professional office building with personal,private offices,security system,24-7 access, conference rooms, large meeting spaces, gated parking, common kitchen and more! Perfectly located downtown next to the YMCA in a classic brick building. Close to lots of venues, restaurants, banking, the courthouse and downtown entertainment. $100/mo for all utilities: w/s/g, electricity and internet. Owner is a licensed Real Estate Broker in WA.
- 1st Fl-Ste 17
- 105 SF
- Office
- Full Build-Out
- Now
Le Chateau downtown is a professional office building with personal,private offices,security system,24-7 access,conference rooms,large meeting spaces,gated parking,common kitchen and more. All utilities are included! Lots of options here to meet your needs. Perfectly located downtown next to the YMCA in a classic brick building.Close to lots of venues, restaurants, banking, the courthouse and downtown entertainment .
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 11 | 591 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 17 | 105 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 7 | 107 SF | Office | Full Build-Out | Now |
1st Fl-Ste 11
| Size |
| 591 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 17
| Size |
| 105 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 7
| Size |
| 107 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 11
| Size | 591 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Nicest office in town with gas fireplace, exposed beams, lead glass windows and built-in cabinets. It's 591sf with lots of windows to let in the natural light. Le Chateau downtown is a professional office building with personal,private offices,security system,24-7 access, conference rooms, large meeting spaces, gated parking, common kitchen and more! Perfectly located downtown next to the YMCA in a classic brick building. Close to lots of venues, restaurants, banking, the courthouse and downtown entertainment. $100/mo for all utilities: w/s/g, electricity and internet. Owner is a licensed Real Estate Broker in WA.
1st Fl-Ste 7
| Size | 107 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Le Chateau downtown is a professional office building with personal,private offices,security system,24-7 access,conference rooms,large meeting spaces,gated parking,common kitchen and more. All utilities are included! Lots of options here to meet your needs. Perfectly located downtown next to the YMCA in a classic brick building.Close to lots of venues, restaurants, banking, the courthouse and downtown entertainment .
DEMOGRAPHICS
Demographics
zoning
| Zoning Code | Cent Bus Dist (Downtown Business District) |
| Cent Bus Dist (Downtown Business District) |
PROPERTY TAXES
| Parcel Number | 191319-21486 | Improvements Assessment | $483,386 CAD |
| Land Assessment | $451,797 CAD | Total Assessment | $935,183 CAD |
PROPERTY TAXES
Sale Advisor
Sale Advisor
Russ Roberts, Commercial Broker CCIM
I received my license when I was 18 following in the footsteps of my mother, who was a residential realtor where I grew up in Big Bear Lake, California. During college, I worked as a licensed assistant for a broker, while I earned a degree in financial planning with a minor in real estate.
After college, I spent a few years at an escrow company in San Diego. It was there that I really learned the backend of the business. For the next thirteen years, I focused on financial planning but I always loved and missed real estate.
When I moved to Yakima from San Diego, I decided to get back into real estate. With my financial background, commercial real estate became the best of both worlds.
As a broker, I believe in over servicing my clients by actually answering the phone or returning calls before the end of business day. Respecting clients as people and respecting their time has been key to my success for nearly two decades.
About the Auction Platform
Auction Contact
-
Russ Roberts -
Keller Williams Yakima Valley
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Historic Downtown Office Suites & Event Space | 15 N Naches Ave
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