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Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by:CB Cascade RE - Lake Chelan • Adam Rynd

$289,000

Est. payment - /mo

4,792 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Goldendale

MLS Listing ID 2573047

Style 60 - Comm Bldg Und 10K

Year Built 1948

Annual Tax Amount $1,110

Lot Size 4,792 Sqft

Lot Dimensions 100' x 48'

Property Sub-Type Commercial Industrial

Property Description

WA State-Leased Office Building with 8.0% Cap Rate Leased Through 2031 Rare opportunity to acquire a stabilized, single-tenant investment property in downtown Goldendale leased to the Washington State Employment Security Department (ESD) under a recently renewed lease extending through October 31, 2031. This professionally maintained office building provides dependable, long-term income backed by a State of Washington agency, offering investors the security and predictability of an affordable and high-return government-leased property. The property features quality office space, dedicated parking, excellent visibility, and a prominent Main Street location serving downtown Goldendale in Klickitat County. With an attractive 8.0% capitalization rate and 10.34 Gross Rent Multiplier, the property delivers strong in-place cash flow and a compelling risk-adjusted return. The long remaining lease term minimizes vacancy concerns while providing stable passive income with minimal management requirements. Government-leased assets with this combination of yield, lease term, and credit-quality tenancy are rarely available. Ideal for 1031 exchange buyers, retirement portfolios, and investors seeking reliable income and long-term stability. An exceptional opportunity to acquire a high-quality office investment backed by one of Washington's most creditworthy tenants.

Location

State WA

County Klickitat

Area 501 - Klickitat County

Interior

Flooring Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Stone, Wood

Roof Type Composition,Flat

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby School & Business

Discover Northwest Realty - Land

Broker License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

116 E Main St Goldendale, WA 98620

Discover Northwest Realty - Land

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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