116 Washington Ave, Richmond, CA

Name: 116 Washington Ave, For Sale in Richmond - Zoocasa
Brand: Engel & Voelkers San Francisco
SKU: 426107265
Price: 975000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$975,000

000

MLS® 426107265

Overview

Key Facts

Type Office

Levels Commercial Sale

Size 4535 sqft

Garage No

Maintenance Fees

Taxes

Days Active 28

Approx. Age 1989

Avg. Price Per Sqft $214

MLS® Number 426107265

Property Address: 116 Washington Ave, Richmond, CA, 94801-3981

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number426107265

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1989

Stories0

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 3, 2026List Date

$975,000List Price

Map

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