513 Edison StKennewick, WA 99336

Property Details for 513 Edison St

Property type

Retail properties

Property subtype

Retail space

APN

30PS54700100000

APU

30PS54700100000

Description

This exceptional multi-tenant retail building, located at 513 N Edison St in Kennewick, WA 99336, presents a lucrative investment opportunity. The property boasts a total of 12,500 square feet situated on a single building, with an asking price of $2,500,000 ($200/sq ft). Currently, the property features a diverse tenant mix. A Solarium Tanning business occupies approximately 2,500 square feet, generating an annual rental income of $42,500, with a lease expiring February 28, 2026. Additionally, the Washington State Military Department leases approximately 2,500 square feet, contributing $45,000 annually in rental income, with the lease expiring December 31, 2023. A significant portion of the building, approximately 7,500 square feet, is currently vacant and immediately available for lease. The existing lease with the Washington State Military Department includes a ten-year option. This property is ideally suited for investors seeking a strong cash flow with significant upside potential through leasing the vacant space. The property's location in Kennewick, Benton County, Washington offers excellent visibility and accessibility. The APN is 133993bp2950001. This is a rare opportunity to acquire a well-located, multi-tenant retail property in a thriving market.

Location Insight

City

Kennewick

County

Benton

State

Washington

Latitude

46.2145

Longitude

-119.193

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

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