Property Details
About this Property
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 contin
MLS Listing Information
MLS #
SF426107265
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
15
Commercial Information
# Buildings / # Units
0 / 0
Parking Spaces
0
Present Use
Office
Parking, School, and Other Information
Zoning
C2 CD
Contact Information
Listing Agent
Oleg Verbitski
Engel & Voelkers San Francisco
License #: 02067848
Phone: (415) 236-3767
Co-Listing Agent
Michael Johnston
Engel & Voelkers San Francisco
License #: 01370461
Phone: (415) 794-6453
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | 0 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
116 Washington Ave is a Commercial Sale in Richmond, CA 94801. This 4,535 square foot property sits on a 2,980 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $975,000 and was built in 1989. This address can also be written as 116 Washington Ave, Richmond, CA 94801.
©2026 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of February 27, 2026. For the most current information, please contact Oleg Verbitski, (415) 236-3767
