116 Washington Ave Richmond, CA 94801
For Sale
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This exceptional investment opportunity encompasses two adjacent commercial properties located at 116 and 124 Washington Avenue in the desirable Point Richmond area of Richmond, California. The properties, totaling 4,535 square feet on a 0.07-acre lot, are available for purchase individually or as a combined package. The buildings, constructed in 1989 and 1991 respectively, boast historically high occupancy rates and low operational costs, making them an attractive proposition for income-seeking investors. 124 Washington Avenue features sixteen meticulously maintained office units, offering a diverse range of sizes to accommodate various business needs. The adjacent property at 116 Washington Avenue comprises five similarly well-maintained office units, providing further flexibility for potential tenants. Both buildings are known for their durable construction and enduring value. The asking price for the entire complex is $1,250,000. Attractive seller financing is available with a 4.0% interest rate, making this an even more compelling investment opportunity. This property presents a rare chance to acquire a stable, income-generating asset in a thriving commercial district.
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Angelsmith, Inc. Marketing & Advertising
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Fox Design Group Architects Architect
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THE TAXBAR Tax Preparation
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Douglas Slain Law Offices Law Firm
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DLHASTINGS Marketing & Advertising Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 CD · Richmond, CARichmond. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.