911 Auburn StKennewick, WA 99336

For Sale
$325,000

Traditional Office, 2,592 SF, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This 2,592 square foot traditional office space, located at 911 S Auburn St, Kennewick, WA 99336 (APN 101894010418005), is currently single-net leased to a stable non-profit health services organization. The lease has four years remaining. The property boasts a 7.8% cap rate and a projected Net Operating Income (NOI) of $24,991 in 2024. Part of the 16-unit Auburn Center commercial condo complex, this building underwent cosmetic renovations in 2021 and is situated in a prime location, connecting to 10th Avenue and just one block from Washington Street, key arterials in the Southeast Tri-Cities area. The Auburn Center benefits from its proximity to the ongoing $15+ million renovation of a former hospital, slated to reopen in 2025 as a large-scale outpatient mental health and addiction treatment center. This presents significant future growth potential. The asking price for this exceptional investment opportunity is $325,000. The property is part of a complex that historically served as an adjunct to Kennewick General Hospital and now houses a mix of medical, health, non-profit, and professional office tenants.

Highlights

  • Asking Price: $325,000
  • Building Size: Approximately 2,592 square feet
  • MLS Number: 273106

Location Insight

City
Kennewick
County
Benton
State
Washington
Latitude
46.1987684
Longitude
-119.1180084
911 Auburn St, Kennewick, Washington

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911 Auburn St
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