120 Railroad AveKennewick, WA 99336

Property Details for 120 Railroad Ave

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.17 AC

Property size (Sq ft)

2,000 SF

Zone code

22

Property type

Office properties

Property subtype

Office buildings

APN

136994020018007

APU

136994020018007

Description

This exceptional Kennewick industrial property offers a substantial 10,000 square foot main building, ideally suited for a variety of businesses. The building boasts a versatile layout, featuring 3,300 square feet of climate-controlled office space and a spacious 6,700 square foot warehouse area. The warehouse is equipped for efficient operations with three-phase power, a large covered loading dock accommodating both truck-height and van-height vehicles, and a total of five convenient roll-up doors. Adding to the property's functionality is a second building encompassing 5,200 square feet, which can serve as additional storage or be demolished to create an open slab, providing flexibility for future expansion or customization. The property also includes a significant 0.5-acre laydown area, perfect for staging materials or equipment. The site sits on a generous 1.17-acre lot. A lease term of 5-10 years is preferred. The tenant will be responsible for all maintenance, and there are no additional pass-through costs beyond the monthly rent of $9,000. This property presents a compelling opportunity for businesses seeking a well-equipped and strategically located industrial space in Kennewick, Washington.

• CAP approach

  CAP return

  Valuation

  6%

  $407,534

  6.5%

  $376,185

  7%

  $349,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $426,420

  Geo Method

  $426,420

• Alternative Use

  Use

  Valuation

  Residential

  $466,469

  Hospitality

  $427,283

  Educational

  $355,495

  Medical

  $367,721

  Retail

  $552,992

Location Insight

City

Kennewick

County

Benton

State

Washington

Latitude

46.2115

Longitude

-119.119

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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