1177 Jadwin AveRichland, WA 99352

For Sale
$1,000,000

High-yield office building, excellent location, strong cash flow.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a fully occupied commercial office building situated at 1177 Jadwin Avenue in Richland, Washington. The property encompasses 6,453 square feet on a 0.49-acre lot and boasts a compelling 7.25% capitalization rate based on the pro forma financial projections. Constructed in 1965, the building retains its classic appeal while offering modern functionality. The six individual suites, each of varying sizes, cater to a diverse tenant base, ensuring consistent occupancy and a stable income stream. Its strategic location within Richland's bustling commercial corridor guarantees high visibility and accessibility, attracting a steady flow of potential clients. The property benefits from its position along major thoroughfares, providing convenient access for both tenants and customers. This well-maintained building presents a significant value-add potential for discerning investors seeking a strong return on investment in a prime location. The current occupancy and established cash flow make this an attractive opportunity for those seeking a stable and profitable commercial real estate asset in the thriving Richland market. The property's size and layout offer flexibility for future expansion or redevelopment, further enhancing its long-term value.

Property Details for 1177 Jadwin Ave

Property type
Office properties, Other office properties
Year Built
1965
Lot Size (sq. ft)
21,344 SF

Location Insight

City
Richland
County
Benton
State
Washington
Latitude
46.28372
Longitude
-119.2776
1177 Jadwin Ave, Richland, Washington

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1177 Jadwin Ave
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