206 Columbia DrKennewick, WA 99336

Property Details for 206 Columbia Dr

Year built

1946

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

598 SF

Property type

Retail space

APN

136994110070000

APU

136994110070000

Description

This exceptional 1,081 square foot office building, situated on bustling Columbia Drive in Downtown Kennewick, presents a rare opportunity. Built in 1946, this two-story, single-tenant property offers a unique blend of traditional office space and ample shop area, perfect for a variety of businesses. The building features a convenient restroom within the office space and boasts over fifteen parking stalls, ensuring ample parking for clients and employees. The property is zoned UMU and is offered with a three-year lease term at a monthly rent of $3,000. This modified gross lease includes utilities, excluding telecom expenses. The building's prominent location on Columbia Drive provides excellent visibility and accessibility, making it an ideal location to establish or expand a business. The combination of office space and shop area, along with the generous parking, makes this property a highly desirable investment. The convenient location in Downtown Kennewick offers easy access to local amenities and a thriving business community. Don't miss this chance to secure a well-located, versatile commercial space. Contact the listing office to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $179,123

  6.5%

  $165,345

  7%

  $153,534

• Comparable approach

  Method

  Valuation

  Relative Method

  $321,299

  Geo Method

  $321,299

• Alternative Use

  Use

  Valuation

  Residential

  $139,474

  Hospitality

  $127,758

  Educational

  $106,293

  Medical

  $109,949

  Retail

  $165,345

Location Insight

City

Kennewick

County

Benton

State

Washington

Latitude

46.2124

Longitude

-119.12

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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