13
See all 13 photos
Listed by Oleg CRE Verbitski Engel & Voelkers San Francisco
$975,000
Est. payment /mo
4,535 SqFt
Active
116 Washington AVE Richmond, CA 94801
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,535 sqft
Price per Sqft $214
MLS Listing ID 426107265
HOA Y/N No
Year Built 1989
Lot Size 2,980 Sqft
Acres 0.0684
Property Sub-Type Office
Property Description
Pacific West Advisory Group is happy to present 116 Washington Street, a prime investment opportunity in the heart of Point Richmond. This well-maintained 4,535 SF office property, constructed in 1991, is comprised of five individual office suites and is currently 80% occupied with a strong history of tenant demand. The building exudes durability and longevity, standing as a testament to quality craftsmanship and enduring value. Historically high occupancy rates and low operational costs make this asset a solid choice for investors seeking stable, income-generating property with long-term growth potential. Offered at $975,000 ($215/SF), the property provides a 7.0% current cap rate and 8.1% pro forma cap rate, delivering reliable in-place income with additional upside through lease-up and market rent growth. Flexible suite configurations accommodate a variety of professional users, allowing tenants to find workspace tailored to their unique needs. Beyond its attractive features, 116 Washington Street offers a rare opportunity to tap into the vibrant energy of Point Richmond's commercial hub. The property benefits from walkable access to local retail and dining, a thriving business community, and convenient proximity to major transportation routespositioning it for continued success and appreciation.
Location
State CA
County Contra Costa
Area Richmond-Point Richm
Zoning C2 CD
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5581400032
Nearby Locations
GET MORE INFORMATION