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636 N Colorado Street

Kennewick, WA 99336
  • $1,250,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 276661
UPDATED: 110 min ago
$1,250,000
  • 0
    BEDS
  • 0.71
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,900
    SQFT
  • $158
    $/SQFT
Type:
Commercial
Built:
1993
County:
Area:

School Ratings & Info

Description

MLS# 276661 636 Colorado is situated at the center of the Tri-Cities Central Business District, near the junction of Grandridge Boulevard & Columbia Center Boulevard, and presents a prime real estate opportunity. This property currently operates as a single-tenant office building with a new 5-year lease but offers adaptable options for division. A compelling investment prospect, 636 Colorado operates as a Triple Net property, ensuring a consistent revenue stream. The tenant is responsible for all property operating expenses and associated costs. Great opportunity for investors seeking a steady income with relatively low risk located in the thriving business district! The 5-year lease has large annual increases, 8.89% CAP Rate in year 5!

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© 2024 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Solutions Realty | Kelly Right Real Estate of the Tri-Cities. Data last updated: 2024-07-17T12:39:55.1.
www.premiersolutionsrealty.com/homes/151610356
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636 N Colorado Street Kennewick, WA 99336

  • Price: $1,250,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 110 min ago
  • MLS #: 276661
0
Beds
0
Baths
0
½ Baths
0.71
Acres
7,900
SQFT
$158
$/SQFT
1993
Built
County:
Benton
Area:
Kennewick
Property Description
MLS# 276661 636 Colorado is situated at the center of the Tri-Cities Central Business District, near the junction of Grandridge Boulevard & Columbia Center Boulevard, and presents a prime real estate opportunity. This property currently operates as a single-tenant office building with a new 5-year lease but offers adaptable options for division. A compelling investment prospect, 636 Colorado operates as a Triple Net property, ensuring a consistent revenue stream. The tenant is responsible for all property operating expenses and associated costs. Great opportunity for investors seeking a steady income with relatively low risk located in the thriving business district! The 5-year lease has large annual increases, 8.89% CAP Rate in year 5!
Exterior Features

Built On Grade Unknown Dock High No Parking 31 - 40 Spaces Rail Access No Truck Doors No

Interior Features

Cold Storage No Elevators No Sprinkler System Unknown

Property Features

Annual Taxes 10084 Auction No Bank Owned No Business Name Elite Brokers LLC Commercial Type Office Ever Occupied Yes For Sale Or Rent For Sale Percent Leased 100 Sale Includes Building & LandParking LotCurrent Lease Tax Year 2023 Tenants 1 Zoning Type COMMCL GENERAL

Listing provided courtesy of CROWN PROPERTY MANAGEMENT: 509-735-0415. © 2024 Multiple Listing Service of Pacific Regional Multiple Listing Service.


© 2024 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Solutions Realty | Kelly Right Real Estate of the Tri-Cities. Data last updated: 2024-07-17T12:39:55.1.
 
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Premier Solutions Realty | Kelly Right Real Estate of the Tri-Cities
1321 Columbia Park Trail Suite D
Richland WA, 99352