1356 Jadwin Ave Richland, WA 99354
- Retail properties
- 4,597 SF
- 0.13 lot acres
Current Use by Public Records
- Dental Lab / Dental Laboratory
- One piece of retro / Clothing Store / Vintage Clothing Store
Property Details for 1356 Jadwin Ave
- Year built
- 1949
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 lot acres
- Property size
- 4,597 SF
- Property type
- Retail properties
- APN
- 102983020708031
- APU
- 102983020708031
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $530,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $470,000
- Geo Method
- $440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $525,000
- Mixed-Use
- $530,000
- Hospitality
- $445,000
- Educational
- $430,000
- Residential Income
- $475,000
- Energy
- $425,000
- Income-Based Land
- $535,000
- Food Service
- $475,000
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.276
- Latitude
- 46.2882
- CBSA code
- 28420
- CBSA name
- KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA
