116 E Main St

Highlights:

• Lot Dimension: 100'x48'
• Annual Tax: $ 1110.0
• Gross Income: $ 27950.0
• Max Contiguous Area: 2000.0
• Flooring: Wall to Wall Carpet
• Exterior Description: Cement Siding
• Lot Size: Under 1/2 Acre
• Heating Type: Forced Air
• Cooling: A/C
• Sewer: City
• Water: City Water

Description:

Drive to downtown Goldendale - WorkSource ESD building is located at 116 E Main St.

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.

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Listing ID: 26c11a13-834e-45fb-81f3-36dc020dcf76