Additional details

Discover Northwest Realty - Land

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

Listed by Coldwell Banker Cascade Real Estate

$289,000

Est. payment - /mo

2,000 SqFt

Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $144

MLS Listing ID 508198034

Year Built 1948

Annual Tax Amount $1,110

Tax Year 2026

Property Sub-Type Office

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 _108

Zoning Busines

Interior

Heating Forced Air, Heat Pump

Cooling Heat Pump

Exterior

Garage No

Building

Sewer Public Sewer

Water Public Water

Others

Acceptable Financing CallListingAgent

Listing Terms CallListingAgent

Read Less Info

Regional Multiple Listing Service (RMLS)

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

GET MORE INFORMATION

Quick Search