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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1356 Jadwin Ave Richland, WA 99354-3404

4,597 SF 0.13 ac lot Built 1949
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US90-0526085
Property summary
AI-generated overview

This exceptional investment opportunity presents two retail units totaling 4597 square feet, situated within the vibrant Uptown Mall in Richland, WA. The property, encompassing 0.13 acres, boasts a prime central location ensuring high visibility and foot traffic. Currently fully leased to three distinct tenants, this offering provides immediate and consistent cash flow. One unit houses a thriving retro clothing retail store, while the second unit is cleverly divided, featuring a tattoo shop at the front and an electronics repair business at the rear. This diverse tenant mix mitigates risk and ensures a stable income stream. Convenient alley access at the rear of the property facilitates efficient loading and unloading, while ample parking is readily available, managed by the City of Richland. The property is priced at $1,290,000, representing a compelling return on investment in a thriving retail market. This is a rare chance to acquire a well-established, fully leased retail property in a desirable location. The strong tenant occupancy and central location make this an ideal addition to any investment portfolio. Given the current market conditions and the property's characteristics, this is a highly sought-after opportunity that is not expected to remain available for long. Serious inquiries only. Please do not disturb the tenants.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1949
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,597 SF
Lot 0.13 ac (5,519 SF)
APN 102983020708031
UPID US90-0526085
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
  • Dental Lab Dental Office
  • One piece of retro Clothing Store Vintage Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Conte Realty Investments LLC · 2 yrs held
Conte Realty Investments LLC
since 2023
Last sale
$471,910
4 recorded transactions
2023
$471,910
2009
Price N/A
2006
$180,000
2005
$180,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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