513 Edison StKennewick, WA 99336

For Sale
$2,500,000

12,500 SF Multi-Tenant Building, $2M+

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional multi-tenant retail building, located at 513 N Edison St in Kennewick, WA 99336, presents a lucrative investment opportunity. The property boasts a total of 12,500 square feet situated on a single building, with an asking price of $2,500,000 ($200/sq ft). Currently, the property features a diverse tenant mix. A Solarium Tanning business occupies approximately 2,500 square feet, generating an annual rental income of $42,500, with a lease expiring February 28, 2026. Additionally, the Washington State Military Department leases approximately 2,500 square feet, contributing $45,000 annually in rental income, with the lease expiring December 31, 2023. A significant portion of the building, approximately 7,500 square feet, is currently vacant and immediately available for lease. The existing lease with the Washington State Military Department includes a ten-year option. This property is ideally suited for investors seeking a strong cash flow with significant upside potential through leasing the vacant space. The property's location in Kennewick, Benton County, Washington offers excellent visibility and accessibility. The APN is 133993bp2950001. This is a rare opportunity to acquire a well-located, multi-tenant retail property in a thriving market.

Highlights

  • 12,500 SF multi-tenant retail building in Kennewick, WA, listed at $2,500,000 ($200/SF).
  • Solarium Tanning: 2,500 SF, $42,500 annual rent, lease expiring 2/28/2026.
  • Washington State Military Department: 2,500 SF, $45,000 annual rent, lease expiring 12/31/2023, with a 10-year option.
  • 7,500 SF of vacant space immediately available for lease.

Property Details for 513 Edison St

Property type
Lifestyle centers, Power centers
Square Feet
12,500 SF
Buildings
1

Location Insight

City
Kennewick
County
Benton
State
Washington
Latitude
46.2144535
Longitude
-119.1924591
513 Edison St, Kennewick, Washington

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513 Edison St
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