1502 W Washington Ave, Union Gap, WA 98903

Property Description

This is a ground lease offering at $2.87/SF/year, NNN, or $73,760/year, NNN, noting the ground lease rate is only based upon approximately .59 acres of developable area, whereas the remaining approximately .45 acres is burdened by a setback buffer from Wide Hollow Creek and included free of rent. THIS OFFERING is for the opportunity to purchase or ground lease prime commercial lots within a recently completed development, noting Lot 3 is available to ground lease, only. Centrally located at the busy controlled corner intersection of S 16th Ave and W Washington Ave that experiences in excess of 37,000 vehicles per day passing by, these flat and level lots are ready to build upon with interior roads and major infrastructure completed. Frontage lots are available to lease or build-to-suit while the interior lots are available to purchase. Lots range in size between approximately .61 acres to approximately 2.11 acres.