Former Bank Building with
303 W 1st Ave Kennewick, WA 99336
303 W 1st Ave, Kennewick, WA, 99336
Contact for pricing
For Sale
Contact for pricing
6,500 SF former bank building with drive-thru for sale.
Property Size6,500 SF
Lot Size0.48 Acres
Price / SF$153.85
Days on Market834
Property Features for 303 W 1st Ave
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Lot size
- 0.48 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1967
Listing Agency
Kiemle Hagood
(509) 438-6260
Listed by
David Fritch · License #49748
Source
Crexi
Added: Apr 5, 2024 Checked: Jul 17 at 1:39 pm
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 Kiemle Hagood
Investment Insights
Based on property information with market context.
This 6,500 square foot building, constructed in 1967, is available for sale or lease. Situated on a 20,909 square foot lot, the property features a main level and a basement level. Formerly a US Bank building, it includes a drive-thru. The property is located in the downtown business district. The sale price is $1,000,000, and the monthly rent is $2,900, which equates to $10.714 per square foot per year. The parcel number is 101891030010001.
Key Highlights
- Located in downtown business district
- Former US Bank Building with drive‑thru
- Building size: ±6,500 SF
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.0k | $18.00 |
| − Vacancy | −$7.7k | −$1.19 |
| EGI | $109.3k | $16.81 |
| − OpEx | −$32.8k | −$5.04 |
| NOI | $76.5k | $11.77 |
6,500 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,140 @ 7.0% cap · market cap 10.01%
Second Best
Retail
$1.09M
$956.2K – $1.27M
NOI $76,495 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,200 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
US Bank Mortgage
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - 6,500 SF former bank building with drive-thru for sale.
Where is this bank located?
The property is located at 303 W 1st Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Located in downtown business district; Former US Bank Building with drive‑thru; Building size: ±6,500 SF
