Single-Tenant Office
New
For Sale
$289,000
116 E Main St, Goldendale, WA 98620
Business-zoned office property with dedicated parking and a state-agency lease extending through 2031.
Property Size2,000 SF
Days on Market5
Property Features for 116 E Main St
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
4
Property subtype
Office
Zoning
Business
Net Operating Income
$27,950
Additional Details
Cap Rate
8%
Building Details
Building Size
2,000 SF
Year Built
1948
Tenancy
Single
Owner Occupied
No
Listing Agency:
Coldwell Banker Commercial Cascade
(509) 682-7777
Listed By:
Adam Rynd · License #24798
(509) 682-7777
Source:
Cbcworldwide
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 5:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Cascade
Investment Insights
Based on property information with market context.
This single-tenant office building was constructed in 1948 and is occupied by the Washington State Employment Security Department. The property includes dedicated parking and is maintained for continued office use. Zoning is designated Business.
The lease has been renewed through October 31, 2031, providing a defined occupancy term for the existing tenancy. The building is located at 116 E Main St in downtown Goldendale, Washington, along Main Street in Klickitat County.
The property reports an 8.0% cap rate and a 10.34 Gross Rent Multiplier. Its state-agency tenancy, established lease term, and office configuration provide clear operating and investment characteristics for review.
The lease has been renewed through October 31, 2031, providing a defined occupancy term for the existing tenancy. The building is located at 116 E Main St in downtown Goldendale, Washington, along Main Street in Klickitat County.
The property reports an 8.0% cap rate and a 10.34 Gross Rent Multiplier. Its state-agency tenancy, established lease term, and office configuration provide clear operating and investment characteristics for review.
Key Highlights
- Lease with the Washington State Employment Security Department runs through October 31, 2031
- 8.0% cap rate and 10.34 Gross Rent Multiplier
- Single‑tenant office building constructed in 1948
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 98620, WA
7,655
Population
3,629
Households
2.1
Avg Household Size
49
Median Age
24%
College-Educated
90%
High-School Grad
468.3 sq mi
ZIP Area
16
Density / Sq Mi
$55,029
Median Household Income
$35,822
Median Earnings
$881
Median Rent
$252,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Business-zoned office property with dedicated parking and a state-agency lease extending through 2031.
Where is this office building located?
The property is located at 116 E Main St Goldendale, WA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Lease with the Washington State Employment Security Department runs through October 31, 2031; 8.0% cap rate and 10.34 Gross Rent Multiplier; Single‑tenant office building constructed in 1948
