For Sale
$1,250,000

116 Washington Ave Richmond, CA 94801

Prime investment, high occupancy, seller financing.

Overview

Added:
Feb 3
Days on market:
84
This exceptional investment opportunity encompasses two adjacent commercial properties located at 116 and 124 Washington Avenue in the desirable Point Richmond area of Richmond, California. The properties, totaling 4,535 square feet on a 0.07-acre lot, are available for purchase individually or as a combined package. The buildings, constructed in 1989 and 1991 respectively, boast historically high occupancy rates and low operational costs, making them an attractive proposition for income-seeking investors. 124 Washington Avenue features sixteen meticulously maintained office units, offering a diverse range of sizes to accommodate various business needs. The adjacent property at 116 Washington Avenue comprises five similarly well-maintained office units, providing further flexibility for potential tenants. Both buildings are known for their durable construction and enduring value. The asking price for the entire complex is $1,250,000. Attractive seller financing is available with a 4.0% interest rate, making this an even more compelling investment opportunity. This property presents a rare chance to acquire a stable, income-generating asset in a thriving commercial district.

Property Details for 116 Washington Ave

Property type
Office properties
Square Feet
4,535 SF
Year Built
1989
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Richmond
County
Contra Costa
State
California
Latitude
37.92707
Longitude
-122.3852

FAQs

What type of property is this?
Office property - Prime investment, high occupancy, seller financing.
Where is the office property located?
The property is located at 116 Washington Ave Richmond, CA.
What is the asking price?
The asking price for this property is $1,250,000.
How can I contact the broker?
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116 Washington Ave
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