$1,250,000
116 Washington AVE Richmond, CA 94801
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Listed by Michael B Johnston Berkshire Hathaway Drysdale Properties
$1,250,000
Est. payment /mo
4,535 SqFt
New
116 Washington AVE Richmond, CA 94801
UPDATED:
11/12/2024 10:56 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,535 sqft
Price per Sqft $275
MLS Listing ID 424079656
HOA Y/N No
Year Built 1989
Lot Size 2,980 Sqft
Acres 0.0684
Property Description
Seller financing with 4.0% interest rate! Welcome to a prime investment opportunity in the heart of Point Richmond, California - 116 and 124 Washington Street. These two adjacent properties, available for purchase separately or together, present an enticing opportunity for investors seeking a foothold in the thriving commercial landscape of the area. 124 Washington Street, offers a collection of 16 meticulously maintained office units, while its counterpart at 116 Washington Street comprises five units. Both buildings boast historically high occupancy rates and low operational costs, making them a solid choice for those looking to diversify their portfolio with stable, income-generating assets. Constructed in 1989 and 1991 respectively, these buildings exude durability and longevity, standing as a testament to quality craftsmanship and enduring value. The 16-unit property at 124 Washington Street provides a diverse array of office suites, ranging from small to larger spaces, catering to the needs of a variety of businesses. Meanwhile, the five-unit building at 116 Washington Street offers similar flexibility, ensuring that tenants can find the perfect workspace to suit their unique requirements.
Location
State CA
County Contra Costa
Area Richmond-Point Richm
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5581400032
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