116 E Main St, Goldendale, WA 98620
116 E Main St, Goldendale, WA 98620
116 E Main St, Goldendale, WA 98620
116 E Main St, Goldendale, WA 98620
116 E Main St, Goldendale, WA 98620
116 E Main St, Goldendale, WA 98620
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Jenn Pederson

Jenn Pederson

+1(808) 205-3000
Listed by:CB Cascade RE - Lake Chelan • Adam Rynd
$ 289,000
Est. payment | /mo

4,792 Sqft Lot

Save
$ 289,000
Est. payment | /mo
Save

4,792 Sqft Lot

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Jenn Pederson

Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

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116 E Main St