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    OFF-MARKET
    Retail properties & Spaces

    105 Ely St, Kennewick, WA 99336

    8.3 ac lot Built 1990
    Property ID
    US90-2817638
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1990
    Lot 8.3 ac (361,548 SF)
    UPID US90-2817638
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Advance Auto Parts Auto Parts Store
    • UPS Access Point location Courier Service Postal Service
    • CARQUEST AUTO PARTS #7917 Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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