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322-324 W Kennewick Ave 7,200 SF 100% Leased Retail Building Kennewick, WA 99336 $675,000 ($93.75/SF) 7.17% Cap Rate
Executive Summary
This property presents an outstanding investment opportunity, featuring ground-floor commercial space with residential apartments on the second level. The commercial tenant has a long-standing presence at this location, and the residential units are occupied by stable, long-term tenants. The building is currently 100% occupied, providing immediate and consistent income.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,200 SF
Building Class
C
Year Built
1945
Price
$675,000
Price Per SF
$93.75
Cap Rate
7.17%
NOI
$48,381
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
Central Business District
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 101891030006014 | Improvements Assessment | $384,120 |
| Land Assessment | $35,310 | Total Assessment | $419,430 |
Property Taxes
Parcel Number
101891030006014
Land Assessment
$35,310
Improvements Assessment
$384,120
Total Assessment
$419,430
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322-324 W Kennewick Ave