# 116 Washington Avenue, Richmond, CA 94801 > **TL;DR:** commercial, $975,000 ($215/sqft), built 1989, 4,535 sqft. Est. $5,214/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 | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,930 | | Estimated Insurance | $284 | | **Total** | **$5,214** | ## 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 - **Broker Phone:** 4156898592 - **Listing URL:** [View original listing](https://www.evrealestate.com/en/shops/sanfrancisco/properties/our-listings/116-Washington-Richmond-CA-94801-SFAR-426107265) ## Photos ![116 Washington Avenue - Photo 1](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f2886578858r.jpg) ![116 Washington Avenue - Photo 2](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f2405996321r.jpg) ![116 Washington Avenue - Photo 3](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f1555684355r.jpg) ![116 Washington Avenue - Photo 4](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f4084804876r.jpg) ![116 Washington Avenue - Photo 5](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f975666925r.jpg) ![116 Washington Avenue - Photo 6](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f3154084658r.jpg) ![116 Washington Avenue - Photo 7](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f147476192r.jpg) ![116 Washington Avenue - Photo 8](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f3494916473r.jpg) ![116 Washington Avenue - Photo 9](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f3215035767r.jpg) ![116 Washington Avenue - Photo 10](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f961882417r.jpg) ![116 Washington Avenue - Photo 11](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f1612066882r.jpg) ![116 Washington Avenue - Photo 12](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f3084308264r.jpg) ![116 Washington Avenue - Photo 13](http://lh.rdcpix.com/b2232b33a42ab5f632eb6a433a310260l-f2340350240r.jpg) --- **MLS#:** 426107265 | **Updated:** 2026-05-31 **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.ai/listing/116-washington-avenue-richmond-ca-94801-26107265) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/116-washington-avenue-richmond-ca-94801-26107265#listing", "url": "https://www.propertysimple.ai/listing/116-washington-avenue-richmond-ca-94801-26107265", "name": "116 Washington Avenue, Richmond, CA 94801", "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. 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