Property profile

430 Keene Rd Richland, WA 99352

FOR SALE
Commercial land
Property ID
US90-2863359
2.82 ac lot
Individually Owned 8-yr Hold Free & Clear
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For Sale
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430 Keene Rd, Richland, WA 99352
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Property summary

AI-generated overview

This exceptional 2.82-acre commercial land parcel presents a unique investment opportunity in Richland, Washington. Strategically located on Keene Road within a thriving shopping center anchored by Yoke's Fresh Market, this property boasts high visibility and excellent access to a substantial customer base. The permitted zoning is 59 Retail - Other, offering considerable flexibility for a variety of commercial developments. The seller will retain the right to install a drive-through ATM on the property at closing, a feature that could enhance the overall value and potential income streams for future development. A pre-existing cross easement agreement with the adjacent shopping center ensures seamless integration and potential for synergistic partnerships. The property's address is 430 Keene Rd, Richland, WA 99352, situated in Benton County. This prime location, coupled with the existing infrastructure and favorable zoning, makes this a compelling investment for developers seeking a high-traffic, retail-focused site in a rapidly growing area. The asking price for this exceptional opportunity is $1,300,000. Detailed site plans and zoning information are available upon request.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.82 ac (122,839 SF)
APN 126982BP4586004
UPID US90-2863359

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

430 Keene Rd Richland, WA 99352
Richland metro Census 10819 KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2018
3 recorded transactions
2018
$1.3M
2017
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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