1177 Jadwin Ave Richland, WA 99352
- Office buildings
Current Use by Public Records
- Mid-Columbia Mastersingers / Association / Organization
- American Diabetes Association / Social Services Organization / Non-Profit Organization
- Kerri Feeney Law Office / Attorney
- RC Engineering & Construction Management / Engineering Consultant / Employment Agency
- Melinda Johnson, LICSW / Social Worker
Property Details for 1177 Jadwin Ave
- Property type
- Office buildings
- APN
- 30PF22600000000
- APU
- 30PF22600000000
Description
This exceptional investment opportunity presents a fully occupied commercial office building situated at 1177 Jadwin Avenue in Richland, Washington. The property encompasses 6,453 square feet on a 0.49-acre lot and boasts a compelling 7.25% capitalization rate based on the pro forma financial projections. Constructed in 1965, the building retains its classic appeal while offering modern functionality. The six individual suites, each of varying sizes, cater to a diverse tenant base, ensuring consistent occupancy and a stable income stream. Its strategic location within Richland's bustling commercial corridor guarantees high visibility and accessibility, attracting a steady flow of potential clients. The property benefits from its position along major thoroughfares, providing convenient access for both tenants and customers. This well-maintained building presents a significant value-add potential for discerning investors seeking a strong return on investment in a prime location. The current occupancy and established cash flow make this an attractive opportunity for those seeking a stable and profitable commercial real estate asset in the thriving Richland market. The property's size and layout offer flexibility for future expansion or redevelopment, further enhancing its long-term value.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.278
- Latitude
- 46.2837
- CBSA code
- 28420
- CBSA name
- KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA
