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    303 1St Ave Kennewick, WA 99336

    Sponsored
    For Sale
    $1,000,000

    Prime Downtown Kennewick Location, 6,500 SF

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 303 1St Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,500 SF

    Building Details

    Year Built
    1967
    Buildings
    1

    HighLights

    • $1,000,000 asking price for this 6,500 SF retail building.
    • NNN lease available at $4,500/month.
    • Single‑tenant, former US Bank building with drive‑thru.
    • Located in Kennewick, WA's downtown business district.
    • 1967 construction, situated on a 20,909 SF lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    US Bank Mortgage Mortgage Broker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.12200531436
    Latitude
    46.207606719018

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Kennewick Location, 6,500 SF
    Where is this individual retail property located?
    The property is located at 303 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: $1,000,000 asking price for this 6,500 SF retail building.; NNN lease available at $4,500/month.; Single-tenant, former US Bank building with drive-thru.
    Request Owner's contact information
    303 1St Ave Kennewick, WA 99336
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    Kennewick, WA 99336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    303 1St Ave Kennewick, WA 99336
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