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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
Office
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.
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33527129

  • Date on Market: 2024-10-15

  • Last Updated:

  • Address: 601 W Kennewick Ave, Kennewick, WA 99336

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