Equipped Restaurant with Clear-Span
For Sale
$1,800,000
Pending
3200 W Clearwater Ave, Kennewick, WA 99336
A flexible dining layout, management office, and included restaurant equipment support a range of restaurant operations.
Property Size5,018 SF
Days on Market488
Property Features for 3200 W Clearwater Ave
General Information
Standard status
Pending
Size
5,018 SF
Total Parking Spaces
51
Additional Details
Furnished
Yes
Highway Access
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$2,024
Building Details
Year Renovated
2008
Listing Agency:
Windermere Group One/Tri-Cities
(509) 946-1188
Listed By:
Dan Hansen · License #117293
(509) 438-7515
Source:
Exprealty
Added: Jun 23, 2025
Changed: Oct 19
Last Checked: Oct 20 at 9:37PM
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 Windermere Group One/Tri-Cities
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Investment Insights
Based on property information with market context.
This 5,018-square-foot restaurant at 3200 W Clearwater Ave in Kennewick has a clear-span dining room, two private restrooms, and a dedicated office. The building underwent a full remodel in 2008. The sale includes major kitchen equipment, furniture, and fixtures, giving the next operator a built-out restaurant space with its principal furnishings and equipment in place.
The site encompasses nearly an acre and provides 51 private parking spaces and three separate points of entry. It sits just off the W Clearwater Avenue and State Route 395 intersection, amid established neighborhoods and commercial destinations that include gyms, office buildings, event centers, shopping malls, and hotels.
The site encompasses nearly an acre and provides 51 private parking spaces and three separate points of entry. It sits just off the W Clearwater Avenue and State Route 395 intersection, amid established neighborhoods and commercial destinations that include gyms, office buildings, event centers, shopping malls, and hotels.
Key Highlights
- 5,018‑square‑foot restaurant building
- Nearly an acre of land
- 51 private parking spaces and three entry points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,308
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,160
$1.5M
Cap Rate 7%
$1,104,400
$1.1M
Cap Rate 9%
$858,978
$859.0K
Market Conditions
NOI Build-Up for 5,018 SF
Gross rent
$108.4K $21.60/SF
− Vacancy
−$5.3K −$1.06/SF
EGI
$103.1K $20.54/SF
− OpEx
−$25.8K −$5.14/SF
NOI
$77.3K $15.41/SF
Area
Benton County, WA
Vacancy
4.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,160
Cap Rate 7%
$1,104,400
Cap Rate 9%
$858,978
Alternative Uses
Best Use
Specialty Retail
$1.10M
$966.4K – $1.29M
NOI $77,308 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,427 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
343k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 22%
Superstores 5%
Home Improvements & Furnishings 4%
McDonald's
Dining
44,972 visits/mo
0.4 miles
Dollar Tree
Shops & Services
32,563 visits/mo
0.3 miles
Panda Express
Dining
25,177 visits/mo
0.3 miles
Taco Bell
Dining
22,901 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
19,810 visits/mo
0.4 miles
Demographics for 99336, WA
51,127
Population
20,915
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
85%
High-School Grad
13.4 sq mi
ZIP Area
3,815
Density / Sq Mi
$63,308
Median Household Income
$38,211
Median Earnings
$1,155
Median Rent
$292,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A flexible dining layout, management office, and included restaurant equipment support a range of restaurant operations.
Where is this conventional restaurant located?
The property is located at 3200 W Clearwater Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 5,018‑square‑foot restaurant building; Nearly an acre of land; 51 private parking spaces and three entry points
