Map of Property

Two Rivers

For Sale

450 Hills Street, Richland, WA 99354

This Richland property for sale is located at 450 Hills Street. The general use of Two Rivers is office and it incorporates 62,375 square feet of class B office space. The current listed sale price for Two Rivers is $11,500,000. Two Rivers is situated on a lot that is 4.29 acre in size.

Contacts

broker

Todd Sternfeld

NAI Tri-Cities

(509) 539-3998

Property Details

  • Property Type Office - General Office
  • Property Size 62,375 SF
  • Lot Size 4.29 Acre
  • Parking Spaces Avail. 235
  • Building Class B
  • Year Built 1974
  • Year Renovated 2021
  • Date Updated Apr 24, 2024
Located in Richland, WA at the confluence of the Yakima and Columbia Rivers. Along with the nearby cities Pasco and Kennewick, Richland is one of the Tri-Cities, home to the Hanford nuclear site. The 2017 population was estimated at 56,243 residents.MLS 260265 - Two Rivers is located within the boundaries of the Tri-Cities Research District. The Research District is comprised of a 1,700 acre mixed-use area composed of approximately 3.4 million square feet of office, laboratory, and light manufacturing. National firms as well as State and Federal government agencies lease or own space in the district primarily to service the energy industry. Numerous business parks, campuses, and housing developments make up the immediately surrounding areas, including the Stevens Center with tenants like the Department of Energy, CH2M, and Fluor; University Park with several multifamily structures; and the beginnings of the Richland Innovation Center, which has the following partners working toward its development: WSU Tri-Cities, Pacific Northwest National Laboratory, and the Port of Benton. Battelle has its own 220 acre campus to the northwest of Two Rivers, improved with over 1M square feet of laboratory and office space. Battelle has invested over $530m into that campus since 1997. Washington State University’s Tri-Cities 190 acre campus lies to the south of the Energy Northwest properties. That campus has continued to grow as WSU has developed additional science, agricultural, technology, and engineering studies in the area.

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Highlights

  • Strong Anchor Tenant: Bechtel Inc
  • Excellent location: Located in Richland, part of the Tri-Cities whose population exceeds 50,000
  • Economic Anchor: Bechtel has had a 20+ year stabilizing affect in Richland as the country’s largest construction and engineering company.
  • Government Stabilization: The federal government has committed to spending at least an additional $1.9 billion on the management and cleanup of nuclear waste including the 586 square mile Hanford Site whose ongoing work is projected through 2040.
  • No Debt: The property is being offered free and clear of debt allowing investors the opportunity to take advantage of today’s low interest rates
  • Below Replacement Cost: The price per square-foot is well below replacement cost
  • Fee Simple Land: Current ownership holds fee simple interest in the land and building. The majority of office buildings in Richland are negotiated on long-term land leases.

Attachments

Getting around

  • 11/100

    Walk Score ®

  • 28/100

    Transit Score ®

  • 53/100

    Bike Score ®

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Location

  • City Richland, WA
  • Neighborhood Richland
  • Zip Code 99354
  • Market Tri Cities

Points of Interest

  • 7-Eleven

    1.43 miles

  • Conoco

    2.03 miles

  • Chevron

    2.72 miles

  • Pacific Pride

    3.02 miles

  • 7-Eleven

    3.15 miles

  • Exxon

    3.40 miles

  • Shell

    3.74 miles

  • Exxon

    4.38 miles

  • 76

    5.16 miles

  • Circle K

    5.28 miles

  • Ben-Franklin Transit Park & Ride Lot

    3.56 miles

  • Lewis and Clark Elementary School Parking Lot

    4.80 miles

  • Chamna West

    5.70 miles

  • Chamna East

    5.75 miles

  • Chamna

    5.79 miles

  • Tulip Lane Park & Ride

    6.14 miles

  • Yakima Delta

    6.65 miles

  • Badger Mtn East

    7.17 miles

  • Park and Ride

    7.27 miles

  • Columbia Park West Marina

    7.43 miles

  • PNNL Guesthouse/ User Housing Facility

    0.39 miles

  • Best Western Plus

    3.20 miles

  • Red Lion Hotel

    4.26 miles

  • Days Inn

    4.56 miles

  • Economy Inn

    4.62 miles

  • Hampton

    4.65 miles

  • Shilo Inn

    4.84 miles

  • Sleep Inn

    4.91 miles

  • The Lodge at Columbia Point

    5.33 miles

  • Home2 Suites

    6.18 miles

  • Safeway

    2.76 miles

  • Highland Organic Market

    2.79 miles

  • Big Lots

    2.84 miles

  • Leyte Oriental Store

    3.37 miles

  • Asian Market and Lotus Snackbar

    3.60 miles

  • Yoke's Fresh Market

    5.28 miles

  • WinCo Foods

    5.31 miles

  • Fred Meyer

    5.35 miles

  • Grocery Outlet

    5.71 miles

  • Target

    5.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Todd Sternfeld

NAI Tri-Cities

(509) 539-3998