Thayer Drive Retail Plaza

1217 Thayer Dr, Richland, WA 99352

Property Information

  • For Sale $965,000
  • Property Type Retail - Street Retail
  • Property Size 5,181 SF
  • Lot Size 0.91 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1943
  • Date Updated May 14, 2026

Description

This retail strip center is located in a densely populated area of Richland, offering frontage along Thayer Drive and adjacent to Rodney Block Park on the west side. The property benefits from steady daily traffic and provides convenient access to both the George Washington Way corridor and the Bypass Highway. Richland, Washington is a vibrant riverfront community located along the Columbia River in southeastern Washington and is one of the three Tri-Cities. Known for its strong scientific legacy, beautiful parks, and high quality of life, Richland blends innovation, recreation, and small-town charm. The city is home to the Pacific Northwest National Laboratory and has deep roots tied to the Hanford Site, giving it a long-standing reputation as a center for research, energy, and technology. Today, Richland continues to attract professionals in science, engineering, healthcare, and education. Howard Amon Park anchors the city’s scenic waterfront, offering expansive green space, walking and biking trails, playgrounds, and community events with sweeping river views. The surrounding area features wineries, golf courses, and access to hiking and water recreation, all enhanced by the region’s abundant sunshine. With well-planned neighborhoods, highly regarded schools, and a growing commercial base, Richland offers a balanced lifestyle—combining economic opportunity, outdoor living, and a welcoming community atmosphere.This fully occupied neighborhood retail center offers a strong and diverse tenant mix along with an established operating history. Current tenants include a coffee stand, a preschool, and a live fish wholesaler. The property features an expansive parking lot, providing ample convenience for customers and staff. This presents an excellent opportunity for a stable, passive investment.

Highlights

  • 7.52% Cap Rate
  • Fully Occupied
  • Strong Tenants
  • Thayer Frontage

Contacts

Rob Ellsworth

SVN | Retter & Company

Location

Contact Listing Broker
Rob Ellsworth

SVN | Retter & Company

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