116 Washington Avenue, Richmond, CA

$1,600,000

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4,535

Square feet

0.07

Acres

About 116 Washington Avenue

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.

Features of 116 Washington Avenue

MLS® # 424017529
Price $1,600,000
Bathrooms 0.00
Square Footage 4,535
Acres 0.07
Year Built 1989
Type Commercial Sale
Sub-Type Office
Status Active

Community Information

Address 116 Washington Avenue
Area Richmond-Point Richm
City Richmond
County Contra Costa
State CA
Zip Code 94801

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed March 20th, 2024

Listing Details

AgentMichael B Johnston
OfficeBerkshire Hathaway Drysdale Properties

Listing Map

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