322/324 W Kennewick Ave, Kennewick, WA 99336

Commercial Property
Built in 1945
3,920sqft lot
—— car garage
$——/sqft
Listed 4 months ago

Property Description

MLS #283254. Discover a prime investment opportunity in downtown Kennewick with this landmark mixed-use property. Featuring retail space on the ground floor and five apartment units above, this building offers versatility and income potential. Currently generating a Net Operating Income (NOI) of $49,000 with a 6.12% cap rate, it is a fantastic value-add project for investors. Located in the vibrant Parkade area, this property benefits from high visibility and foot traffic, along with ample parking for tenants and customers. Built in 1945, the building spans 7,200 sq. ft. on a 0.09-acre lot. Don’t miss your chance to own this iconic property!

Listing Status:: Active
Listing Office:: StrickerCRE :
Listing Agent:: Derrick Stricker : (509) 430-8533
MLS ID:: 283254

Heating: None

This listing courtesy of Derrick Stricker, StrickerCRE

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Amistad Elementary School

123 S Kent St, Kennewick, WA, 99336

Grades KG-5

0.41 miles away

Park Middle School

1011 W 10th Ave, Kennewick, WA, 99336

Grades 6-8

0.90 miles away

Kennewick High School

201 S Garfield St, Kennewick, WA, 99336

Grades 9-12

0.26 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.