1530 Georgia AveRichland, WA 99352

Property Details for 1530 Georgia Ave

Year built

2005

Construction

CONCRETE

Lot size

0.95 AC

Property size (Sq ft)

3,860 SF

Property type

Office buildings

APN

130994000005001

APU

130994000005001

Description

This exceptional industrial property in Richland, WA, presents a significant investment opportunity. The property encompasses a substantial 14,000 square feet of warehouse space situated on a 0.95-acre lot. The existing structure, totaling 4,000 square feet, is climate-controlled, offering immediate functionality for a variety of uses. A significant 10,000 square foot addition is currently under construction and will be delivered in a "gray shell" condition, providing flexibility for tenant build-out and customization to meet specific operational needs. The property features a key advantage with its fully paved and fenced yard, providing ample secure outdoor space for storage, equipment, or operations. The location in Richland offers convenient access to major transportation routes and a thriving business community. This property is priced at $2,500,000 and represents a rare chance to acquire a substantial industrial space with significant expansion potential in a desirable location. The combination of existing climate-controlled space and the future expansion makes this an ideal property for businesses seeking to grow and consolidate their operations. The paved and fenced yard adds further value, enhancing security and operational efficiency. This is a turnkey opportunity for immediate occupancy and future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $891,412

  6.5%

  $822,842

  7%

  $764,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $822,991

  Geo Method

  $822,991

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,587,280

  Retail / Commercial

  $820,351

  Mixed-Use / Specialty

  $822,473

  Hospitality / Lodging

  $609,991

  Institutional / Educational

  $856,843

  Residential Income

  $1,002,510

  Multifamily

  $1,174,380

  Automotive / Energy

  $734,437

  Parking / Income-Based Land

  $248,460

  Restaurant / Food Service

  $438,543

  Healthcare / Senior Housing

  $838,256

Location Insight

City

Richland

County

Benton

State

Washington

Latitude

46.2341

Longitude

-119.228

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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