Skip To Content
    Return to Previous Page

    707 The Parkway

    Richland, WA 99352
    • $350,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: 251213
    UPDATED: 74 min ago
    $350,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,750
      SQFT
    • $200
      $/SQFT
    Type:
    Commercial
    Built:
    1946
    County:
    Area:

    School Ratings & Info

    Description

    Download the Offering Memorandum today for all the property, financials and location details. 1,750 square feet of commercial business district space in the heart of downtown Richland. The property is fit for multiple potential uses - retail, bar, cafe, or small restaurant, each requiring varied levels of capital improvements. The current tenant is Pink Pearl, a boutique clothing store. The property is a square lot with the main entrance off the Parkway, one front entry on East side, one back entry on West side, with the option to convert the property into two suites with distinct entrances. The Parkway features premier retail, restaurant, and office space, with high-profile tenants like Gravis Law, Fuse Coworking, Frost Me Sweet, Ethos Bakery, and Moniker. In addition, the Parkway has been renovated extensively in the past 3 years including Fuse Coworking Space, Gravis, and a new building, 702 Parkway, featuring 3 new restaurants. Dont miss this opportunity to own property in one of the hottest retail and office locations in the Tri-Cities.

    Monthly Payment Calculator



    © 2021 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Matson Real Estate Co. | Keller Williams. Data last updated: 2021-03-04T14:39:47.483.
    www.buysellwiththematsons.com/homes/113699688
    Print Image

    707 The Parkway Richland, WA 99352

    • Price: $350,000
    • Status: Active
    • Updated: 74 min ago
    • MLS #: 251213
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1,750
    SQFT
    $200
    $/SQFT
    1946
    Built
    County:
    Benton
    Area:
    Richland
    Property Description
    Download the Offering Memorandum today for all the property, financials and location details. 1,750 square feet of commercial business district space in the heart of downtown Richland. The property is fit for multiple potential uses - retail, bar, cafe, or small restaurant, each requiring varied levels of capital improvements. The current tenant is Pink Pearl, a boutique clothing store. The property is a square lot with the main entrance off the Parkway, one front entry on East side, one back entry on West side, with the option to convert the property into two suites with distinct entrances. The Parkway features premier retail, restaurant, and office space, with high-profile tenants like Gravis Law, Fuse Coworking, Frost Me Sweet, Ethos Bakery, and Moniker. In addition, the Parkway has been renovated extensively in the past 3 years including Fuse Coworking Space, Gravis, and a new building, 702 Parkway, featuring 3 new restaurants. Dont miss this opportunity to own property in one of the hottest retail and office locations in the Tri-Cities.
    Exterior Features

    Built On Grade No Dock High No Parking 0 - 10 Spaces Rail Access No Truck Doors No

    Interior Features

    Clear Span No Cold Storage No Elevators No Sprinkler System No Sq Ft Finished 1750 Sq Ft Retail 1750

    Property Features

    Annual Taxes $2335 Auction No Bank Owned No Business Name Pink Pearl Commercial Type Retail Ever Occupied Yes For Sale Or Rent For Sale Franchise YN No Owner Financing YN No Proj Annual Expenses $8981 Proj Annual Income $36981 Proj Annual Vacancy 0 Proj Cap Rate 8.00% Proj Net Operating Income $28000 Tax Year 2019 Tenants 1 Zoning Type Central Bus Dist. Support

    Listing provided courtesy of The Paragon Group. © 2021 Multiple Listing Service of Pacific Regional Multiple Listing Service.


    © 2021 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Matson Real Estate Co. | Keller Williams. Data last updated: 2021-03-04T14:39:47.483.
     
    https://bt-photos.global.ssl.fastly.net/tricity/orig_boomver_1_251213-2.jpg https://bt-photos.global.ssl.fastly.net/tricity/orig_boomver_1_251213-2.jpg https://bt-photos.global.ssl.fastly.net/tricity/orig_boomver_1_251213-2.jpg
    Logo
    Matson Real Estate Co. | Keller Williams
    830 N. Columbia Center Blvd., Suite H
    Kennewick WA, 99336