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1177 Jadwin Ave
Richland, WA 99352
Office Property For Sale
EXECUTIVE SUMMARY
Discover a prime investment in the heart of Richland! This fully occupied commercial property at 1177 Jadwin Ave offers 6,453 SF of versatile space with a solid 7.15% CAP rate on the ProForma. Built in 1965, the building maintains its vintage charm while providing modern functionality, appealing to a diverse range of tenants. Located in a high-traffic area within Richland's commercial corridor, it brings excellent visibility and stabilized cash flow with six suites in various small sizes. With value-add potential and easy access to major routes, this property is an outstanding opportunity for investors seeking a well-positioned asset. Tenants are occupying the building. Call LA for showings. 24 hour notice required.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
6,453 SF
Building Class
C
Year Built
1965
Price
$975,000
Price Per SF
$151.09
Cap Rate
7.16%
NOI
$69,779
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,453 SF
Building FAR
0.30
Lot Size
0.49 AC
PROPERTY TAXES
| Parcel Number | 111982020617003 | Improvements Assessment | $201,050 |
| Land Assessment | $201,530 | Total Assessment | $402,580 |
PROPERTY TAXES
Parcel Number
111982020617003
Land Assessment
$201,530
Improvements Assessment
$201,050
Total Assessment
$402,580
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