Active · Commercial Sale

116 E Main St , Goldendale, WA 98620

Goldendale, WA 98620

$259,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by CB Cascade RE - Lake Chelan · MLS #2573047 · Active

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About this property

WA State-Leased Office Building with 9.0% 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 9.0% capitalization rate and 11.2 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.

Property details

Property type: Commercial Industrial
Year built: 1948
Lot size: 4,792 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $1,110 (2026)
Parking spaces: 4

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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