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322-324 W Kennewick Ave 7,200 SF 100% Leased Retail Building Kennewick, WA 99336 $1,052,243 CAD ($146.14 CAD/SF) 7.52% Cap Rate
Executive Summary
This property presents an outstanding investment opportunity, featuring ground-floor commercial space with residential apartments on the second level. The commercial tenant has a long-standing presence at this location, and the residential units are occupied by stable, long-term tenants. The building is currently 100% occupied, providing immediate and consistent income.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,200 SF
Building Class
C
Year Built
1945
Price
$1,052,243 CAD
Price Per SF
$146.14 CAD
Cap Rate
7.52%
NOI
$79,094 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
Central Business District
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 101891030006014 | Improvements Assessment | $527,677 CAD |
| Land Assessment | $48,506 CAD | Total Assessment | $576,184 CAD |
Property Taxes
Parcel Number
101891030006014
Land Assessment
$48,506 CAD
Improvements Assessment
$527,677 CAD
Total Assessment
$576,184 CAD
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322-324 W Kennewick Ave
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