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
Listed by Oleg CRE Verbitski Engel & Voelkers San Francisco
$ 975,000
Est. payment | /mo
4,535 SqFt
$ 975,000
Est. payment | /mo
4,535 SqFt
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
New Construction No
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
Featured Listings
Featured Listings
Listed by Pat Patricelli of Vanguard Properties
Listed by Jennifer Rosdail of KW Advisors
Listed by Jennifer Rosdail of KW Advisors