Kennewick, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Kennewick, Washington Market population: 84K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Kennewick WA Properties: 0.7100%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Kennewick WA
Common questions from investors exploring commercial real estate in Kennewick WA.
What are the key demographics that make Kennewick, WA an attractive market for real estate investment?
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The city's population of 83,921, with a median age of 32.4 and top ethnicities including White, Hispanic or Latino, and American Indian or Alaska Native, suggests a diverse and growing market. The foreign born rate of 14.5% and top industries like Health Care & Social Assistance, Retail Trade, and Manufacturing also indicate a strong and stable economy.
How does the poverty rate and health insurance coverage impact the quality of tenants in Kennewick, WA?
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The 11.4% poverty rate combined with a high health insurance coverage rate of 92.5% suggests a relatively stable and employed population, making for reliable tenants. Additionally, the median household income of $63,094 and low GINI coefficient of 0.414 indicate a market with opportunities for affordable housing and a strong sense of community.
What are the implications of the commute time and methods on the real estate market in Kennewick, WA?
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The average commute time of 20.4 minutes, with top methods including driving alone, carpooling, and working from home, indicates a convenient and flexible transportation system. This, combined with the city's relatively low poverty rate and high health insurance coverage, suggests a stable and attractive market for both renters and homeowners.
How does the ethnic diversity and industry mix in Kennewick, WA impact market demand for real estate?
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The city's diverse ethnic makeup, including White, Hispanic or Latino, and American Indian or Alaska Native populations, contributes to a vibrant and dynamic market. The top industries, including Health Care & Social Assistance, Retail Trade, and Manufacturing, also drive demand for housing and commercial properties, making Kennewick an attractive location for real estate investment.
What role do property values, taxes, and homeownership rates play in the overall attractiveness of Kennewick, WA as a real estate investment market?
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The median property value of $283,400, combined with a median property tax of $2,434 and a homeownership rate of 69.3%, suggests a relatively stable and affordable housing market. This, along with the city's strong economy and diverse population, makes Kennewick an attractive location for real estate investors looking for long-term growth and rental income potential.
Kennewick WA Real Estate & City Facts
Key facts and real estate information about Kennewick WA.
What are some of the best neighborhoods to live in Kennewick?
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Some of the best neighborhoods to live in Kennewick include Creekstone, Cherry Blossom Meadows, Inspiration Estates, Union West, Hansen Park, Panoramic Heights, Canyon Lakes, and Zintel Heights. These neighborhoods offer a range of housing options and amenities, from family-friendly areas to more affordable homes in the east regions.
What are some fun things to do in Kennewick?
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There are plenty of fun things to do in Kennewick, including visiting the 9/11 World Trade Center Memorial Monument, riding the Gesa Carousel of Dreams, exploring Columbia Park, and taking a stroll along the Columbia River. You can also visit the B reactor tour, play mini golf at Let's Glow Mini Golf, or try an escape room at Atomic Escape Rooms. Additionally, the city has a number of parks and trails, such as Howard Amon or Columbia parks, and Bateman's Island, which are great for walking and outdoor activities.
What is the food scene like in Kennewick?
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The food scene in Kennewick is diverse and offers a range of options, from fine dining to food trucks and dessert shops. Some popular restaurants include Boiada Brazilian Grill, Europa Italian & Spanish Cuisine, Twigs Bistro and Martini Bar, and Blackthorne Neighborhood Pub. There are also plenty of great food trucks and specialty food shops, as well as wineries, microbreweries, and cocktail bars. You can find everything from Brazilian steakhouses to Italian and Spanish cuisine, and from coffee shops to wine bars.
What are the pros and cons of living in Kennewick?
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The pros of living in Kennewick include its family-friendly neighborhoods, outdoor recreational opportunities, and a growing food and drink scene. However, some cons include the city's relatively high poverty rate and income inequality, as well as the need for more affordable housing options. Additionally, the city's job market is largely driven by the healthcare and retail industries, which may not offer as many job opportunities in other fields. Overall, Kennewick is a great place to live for those who value a small-town feel and outdoor activities, but may not be the best fit for those looking for a more urban or diverse environment.
Is Kennewick a good place to live?
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Kennewick is a good place to live for those who value a small-town feel, outdoor recreational opportunities, and a growing food and drink scene. The city has a range of housing options, from family-friendly neighborhoods to more affordable homes in the east regions. While it may not be the best fit for those looking for a more urban or diverse environment, Kennewick is a great choice for those who want to experience the natural beauty of the Pacific Northwest and enjoy a relaxed, small-town lifestyle. With its rich history, cultural attractions, and outdoor activities, Kennewick is a great place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Kennewick WA Commercial Property: $63,094
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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