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303 1st Ave Kennewick, WA 99336-3928

OFF-MARKET Office buildings Google Maps
0.16 ac lot
Individually Owned 7-yr Hold Free & Clear
Estimated value (blended)
$345k
Range $311k – $380k (±10%)
Property ID US90-1485845

Property summary

AI-generated overview

This exceptional retail property, a former US Bank building, presents a unique investment opportunity in Kennewick, Washington. Located at 303 W 1st Ave, in the heart of the downtown business district, this single-tenant building offers 6,500 square feet of space, spread across a main level and basement. Built in 1967, the property boasts a convenient drive-thru, a significant asset for various retail uses. The asking price is $1,000,000, translating to $153.85 per square foot. Alternatively, a Net Net Net (NNN) lease is available at a monthly rate of $4,500. The property sits on a substantial 20,909 square foot lot, identified by APN 101891030010001. Its prime location and versatile layout make it ideal for a variety of retail businesses. This is a rare opportunity to acquire a well-situated, established building in a thriving downtown area. The property's history as a bank provides a solid foundation for future success, and its ample space and drive-thru feature offer significant potential for growth and profitability. Serious inquiries are encouraged.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Lot 0.16 ac (6,996 SF)
Zoning code 21
APN 101891030010005
UPID US90-1485845

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2018
3 recorded transactions
2018
$281
2013
Price N/A
2013
$800,000

Zoning & alternative use

21 · Kennewick, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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