601 W Kennewick Ave
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601 W Kennewick Ave
6,728 SF Office Building Kennewick, WA 99336 $1,372,000 CAD ($204 CAD/SF) 9.70% Cap Rate
Investment Highlights
- High Visibility- Corner Property
- Welcoming Waiting Area
- Investment And/Or Owner Occupied
- Meticulously Maintained
- Natural Light
- Lots Of Parking
Executive Summary
MLS# 279225 High visibility, corner property! Located in the Commercial Office District, allowing both office and retail use. Built in 1967 and meticulously maintained. Was once a bank and now a legal office. Main floor offers, welcoming receptionist and waiting area, 3 conference rooms, 5 large offices with floor to ceiling windows, 2 private offices (no windows), collaborate space areas, copy room and storage room. The finished basement offers a private and spacious conference room, large kitchen and break room, additional collaborative space, vault room, a women’s two stall restroom, men’s restroom, utility and storage room, closet space and mechanical room. A total of 35 parking stalls plus additional street parking. Property also for lease see MLS 279226.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$132,545
|
$19.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,545
|
$19.70
|
| Taxes |
$9,276
|
$1.38
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,276
|
$1.38
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $132,545 |
| Annual Per SF | $19.70 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $132,545 |
| Annual Per SF | $19.70 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,276 |
| Annual Per SF | $1.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $9,276 |
| Annual Per SF | $1.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,728 SF
Building Class
B
Year Built
1967
Price
$1,372,000 CAD
Price Per SF
$204 CAD
Cap Rate
9.70%
NOI
$133,084 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,364 SF
Building FAR
0.32
Land Acres
0.48 AC
Opportunity Zone
Yes
Zoning
Commercial Offfice Dist - Located in the Commercial Office District, allowing both office and retail use.
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 101891040001000 | Total Assessment | $1,025,363 CAD (2023) |
| Land Assessment | $164,394 CAD (2023) | Annual Taxes | $9,276 CAD ($1.38 CAD/SF) |
| Improvements Assessment | $860,969 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
101891040001000
Land Assessment
$164,394 CAD (2023)
Improvements Assessment
$860,969 CAD (2023)
Total Assessment
$1,025,363 CAD (2023)
Annual Taxes
$9,276 CAD ($1.38 CAD/SF)
Tax Year
2024
-
Brenda Garibay -
SVN | Retter & Company
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601 W Kennewick Ave
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