Martinez & Sons Purchased Industrial Kennewick Property
The firm acquired a 7,557-square-foot industrial site that previously sold for $1.2 million.
Updated on Oct. 13, 2026 in Openings & Closings
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Martinez & Sons Enterprise LLC recently purchased the industrial property at 101 S. Gum St. in Kennewick for $670,000. The structure is currently in shell condition and is situated in an area zoned for heavy industrial use.
Why it matters
The acquisition represents a significant price correction for the 7,557-square-foot site, which commanded a $1.2 million price tag just five years ago. Operators tracking industrial real estate in the area should monitor how the buyer utilizes the heavy industrial zoning for the 1964-era facility.
The property sold for $670,000, representing a significant decrease from the $1.2 million valuation recorded in 2021. The 7,557-square-foot building is currently in shell condition.
The players
Martinez & Sons Enterprise LLC
A business entity that recently acquired the industrial real estate asset on S. Gum St.
City Stars Gentlemen's Club
A former commercial occupant of the property that ceased operations in 2020.
The details
The property transfer was finalized via a bargain and sale deed. Originally constructed in 1964, the site formerly housed the City Stars Gentlemen's Club, which shut down in 2020. The facility remains in shell condition, meaning any new business venture will require significant interior rehabilitation to meet current operational standards for its heavy industrial zoning.
Timeline
1964: The building was constructed.
2020: City Stars Gentlemen's Club closed.
2021: The property was previously purchased for $1.2 million.
October 2026: Martinez & Sons Enterprise LLC completed the purchase.
Market Landscape
This transaction reflects a substantial adjustment in valuation compared to the 2021 commercial property valuation peak. The sale illustrates the ongoing recalibration of industrial assets in the region.
Operators should review their local real estate portfolio benchmarks given the price decline observed in this heavy industrial zone. Any renovation plans for shell-condition properties must account for updated building codes required for industrial usage.
The takeaway
This acquisition highlights the cooling of prices for older industrial assets in the local market. Prospective buyers should confirm current zoning compliance and structure integrity before executing purchases on properties that have remained vacant for several years.
Further reading
For more trends on local site redevelopment, see Openings & Closings.
Source note: This article includes information reported by Tri-Cities Area Journal of Business.
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