1530 Georgia AveRichland, WA 99352
- Office properties
- 3,860 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $786,540
- 6.5%
- $726,037
- 7%
- $674,177
-
Comparable approach
- Method
- Valuation
- Relative Method
- $822,991
- Geo Method
- $822,991
-
Alternative Use
- Use
- Valuation
- Residential
- $900,286
- Hospitality
- $824,657
- Educational
- $686,105
- Medical
- $709,701
- Retail
- $1,067,274
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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