105 Ely St Kennewick, WA 99336
- Retail properties
- 8.30 lot acres
Current Use by Public Records
- Advance Auto Parts / Car Battery Store / Tool Rental Service
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
- CARQUEST AUTO PARTS #7917 / Auto Parts Store
Property Details for 105 Ely St
- Year built
- 1990
- Lot size
- 8.30 lot acres
- Property type
- Retail properties
Description
The Highland Center, situated at 105 N Ely St in Kennewick, WA, presents a unique investment opportunity in a thriving retail environment. This expansive property encompasses 8.3 acres and boasts over 120,000 square feet of retail space, attracting over 1.4 million visitors annually. Its prime location on a major artery in the Tri-Cities ensures high visibility and accessibility, with close proximity to numerous shopping, dining, and office establishments. The property features a large pylon sign for excellent brand recognition and ample parking to accommodate the substantial foot traffic. A diverse range of co-tenants creates a synergistic environment, including but not limited to restaurants, Rite Aid, REI, Gold's Gym, a bakery, an ethnic market, a barber shop, a beauty school, a cell phone store, a nail salon, and a coin trading business. This established center offers a strong foundation for continued success and significant return on investment. The property's size, location, and existing tenant mix make it an attractive proposition for investors seeking a high-traffic retail location in a dynamic market. The high volume of annual visitors demonstrates the significant potential for revenue generation and growth. This is a rare opportunity to acquire a well-established and highly visible retail center in a prime Tri-Cities location. The property is priced at $13 million.
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
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.1605
- Latitude
- 46.21041
