322-324 W Kennewick Ave - Specialty FOR SALE


Kennewick, WA 99336
$800,000 USD
509-591-9949
322-324 W Kennewick Ave, Kennewick, WA for Sale
$800,000 USD
Specialty - FOR SALE
1/13
null | 6.12% Cap Rate

322-324 W Kennewick Ave
Kennewick, WA 99336


OVERVIEW

Discover a prime investment opportunity in downtown Kennewick with this landmark mixed-use property. Featuring retail space on the ground floor and five apartment units above, this building offers versatility and income potential. Currently generating a Net Operating Income (NOI) of $49,000 with a 6.12% cap rate, it is a fantastic value-add project for investors. Located in the vibrant Parkade area, this property benefits from high visibility and foot traffic, along with ample parking for tenants and customers. Built in 1945, the building spans 7,200 sq. ft. on a 0.09-acre lot. Don’t miss your chance to own this iconic property!

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

-

APN/PARCEL ID

101891030006014

ASK ABOUT THIS PROPERTY

509-591-9949

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

509-591-9949

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