# 116 Washington Avenue, Richmond, CA 94801

> **TL;DR:** commercial, $975,000 ($215/sqft), built 1989, 4,535 sqft. Est. $4,225/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $975,000 |
| Price/sqft | $215 |
| Square Feet | 4,535 |
| Year Built | 1989 |
| Property Type | Commercial (Office) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,225 |
| **Total** | **$4,225** |

## Property Highlights

- Built in 1989

## Description

### 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.

## Location

- **Address:** 116 Washington Avenue, Richmond, CA 94801
- **County:** Contra Costa
- **Coordinates:** 37.927055, -122.38525
- **Google Maps:** https://www.google.com/maps?q=37.927055,-122.38525

## Listing Agent

- **Name:** Oleg CRE Verbitski
- **Brokerage:** Engel & Völkers San Francisco Union Street
- **Email:** Sanfranciscounionstreet@engelvoelkers.com

## Primary Photo

![116 Washington Avenue - Primary Photo](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f2886578858r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/116-washington-avenue-richmond-ca-94801-26107265)*

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**MLS#:** 426107265 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/116-washington-avenue-richmond-ca-94801-26107265)

---

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