803 Washington StKennewick, WA 99336

Property Details for 803 Washington St

Lot size

0.44 AC

Zone code

21

Property type

Parking lots & garages

APN

106803110001010

APU

106803110001010

Description

This exceptional 0.444-acre lot, located at 803 S Washington St, Kennewick, WA 99336 (APN 106803110001010), presents a unique build-to-suit or ground lease opportunity. Zoned Community Commercial - Flexible Use, this property offers unparalleled versatility. The 19,318 square foot lot is situated on the corner of S Washington St and E 8th Ave, providing excellent visibility and accessibility. Existing utilities are already in place, and the lot is graded, with a curb cut, making it "shovel ready" for immediate development. Ideal for a variety of uses, including retail, office, or mixed-use developments. Consider a detail shop, pilates/yoga studio, martial arts studio, beauty salon, or coffee shop. This property's prime location and flexible zoning make it an exceptional investment opportunity in a thriving Kennewick commercial district. The property's corner location ensures high visibility and accessibility for potential businesses. Don't miss this chance to acquire a ready-to-develop lot in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,447,940

  6.5%

  $4,105,790

  7%

  $3,812,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,283,760

  Geo Method

  $4,283,760

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,944,200

  Mixed-Use / Specialty

  $4,116,410

  Hospitality / Lodging

  $3,052,960

  Office

  $4,118,260

  Institutional / Educational

  $4,288,430

  Residential Income

  $5,017,470

  Multifamily

  $5,877,680

  Automotive / Energy

  $3,675,800

  Parking / Income-Based Land

  $1,243,520

  Restaurant / Food Service

  $2,194,870

  Healthcare / Senior Housing

  $4,195,410

Location Insight

City

Kennewick

County

Benton

State

Washington

Latitude

46.1998

Longitude

-119.117

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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