116 Washington Ave - Office FOR SALE


Richmond, CA 94801- Point Richmond
$975,000 USD
415-236-3767
116 Washington Ave, Richmond, CA for Sale
$975,000 USD
Office - FOR SALE
1/14
null | 7% Cap Rate

116 Washington Ave
Richmond, CA 94801
Point Richmond


HIGHLIGHTS

  • Prime Location: Central Point Richmond Spot for Convenient Access
  • Well Maintained, Attractive and Modern Five Unit Property
  • Proven Track Record of Strong Tenant Demand
  • Low Costs, Minimal Operational Expenses
  • Versatile Suites: Accommodating Spaces for Businesses of All Sizes
  • Community Hub: Surrounded by Thriving Retail and Dining Options

OVERVIEW

Pacific West Advisory Group is happy to present 116 Washington Street, a prime investment opportunity in the heart of Point Richmond. This well-maintained 4,535 SF office property, constructed in 1991, is comprised of five individual office suites and is currently 80% occupied with a strong history of tenant demand. The building exudes durability and longevity, standing as a testament to quality craftsmanship and enduring value. Historically high occupancy rates and low operational costs make this asset a solid choice for investors seeking stable, income-generating property with long-term growth potential. Offered at $975,000 ($215/SF), the property provides a 7.0% current cap rate and 8.1% pro forma cap rate, delivering reliable in-place income with additional upside through lease-up and market rent growth. Flexible suite configurations accommodate a variety of professional users, allowing tenants to find workspace tailored to their unique needs. Beyond its attractive features, 116 Washington Street offers a rare opportunity to tap into the vibrant energy of Point Richmond’s commercial hub. The property benefits from walkable access to local retail and dining, a thriving business community, and convenient proximity to major transportation routes—positioning it for continued success and appreciation.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$201 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C2 CD

APN/PARCEL ID

558-140-003-2

ASK ABOUT THIS PROPERTY

Oleg VerbitskiEngel & VolkersMore Info
415-236-3767

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Oleg VerbitskiEngel & VolkersMore Info
415-236-3767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.