4008 Wclearwater Ave Kennewick, WA 99336
- Retail properties
- 6,399 SF
- 0.64 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4008 Wclearwater Ave
- Year built
- 1950
- Lot size
- 0.64 lot acres
- Property size
- 6,399 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Kennewick, WA investment opportunity presents two multi-tenant retail buildings situated on a high-traffic intersection at 4008 & 4012 W Clearwater Avenue, boasting a substantial 6,399 square feet. The property, built in 1950 and extensively renovated in 2020, currently enjoys 100% occupancy, generating a strong net operating income (NOI) of $58,122 and an attractive 8.70% capitalization rate. The asking price is $670,000, translating to a price per square foot of $135.57. The property features four tenants across both buildings, providing a diversified income stream. Further enhancing its appeal, one building offers 1,290 square feet of adaptable gray shell space ideal for owner-occupancy, while the other includes a sizable 0.2-acre fenced yard with development potential. The combined lot size spans 0.64 acres, zoned for Community Commercial use. This property is located in Benton County, WA, 99336, and features ample parking. The property's strong performance, combined with the potential for expansion and owner-occupancy, makes it an attractive investment prospect. The APN numbers are 134993080001013 and 134993000075000. This is a modified lease type property.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.175
- Latitude
- 46.2126
