Description
Glenwood Square is a prize property that any investor would want in their portfolio. It has a 20 year track record of successful operation. To say its at the core of Yakima is appropriate since it was once was an active apple warehouse. Refurbished in 1999, it is home to Zesta Cucina and Xochimilco, popular destination restaurants and long term tenants. Each adds color and culture to the environment and a steady flow of patrons daily. Pre-Covid NOI of Glenwood Square would put the current sale price at 6% cap rate and there is certainly ample opportunity to achieve that level again. Additional financial opportunity exists in movie/media theatre and reception space rental.
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0BEDS
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2.39ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Listing information ©2023 Northwest MLS. Listing courtesy of Berkshire Hathaway Hs Cw Re.
Sold by .Description
Glenwood Square is a prize property that any investor would want in their portfolio. It has a 20 year track record of successful operation. To say its at the core of Yakima is appropriate since it was once was an active apple warehouse. Refurbished in 1999, it is home to Zesta Cucina and Xochimilco, popular destination restaurants and long term tenants. Each adds color and culture to the environment and a steady flow of patrons daily. Pre-Covid NOI of Glenwood Square would put the current sale price at 6% cap rate and there is certainly ample opportunity to achieve that level again. Additional financial opportunity exists in movie/media theatre and reception space rental.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-06-03T12:15:05.81. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-06-03T12:15:05.81. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.