611 S 5Th Ave Pasco, WA 99301
Property Features for 611 S 5Th Ave
General Information
- Size
- 8,100 SF
Building Details
- Year built
- 1960
Source:
Naiglobal
Listing Agent: Todd Sternfeld
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pasco WA Investment Opportunity
Located in Pasco, WA, at 611 W Columbia St + 120 S 5th Ave, this 8,100 SF building presents a commercial investment opportunity. Constructed in 1960 and zoned Commercial General, the property is suitable for a Special Purpose or School investor. The property features an ESD 10-Year Lease with Absolute Triple Net terms, including 3% annual increases. A $700K renovation has been completed, including a new 10-year roof, new HVAC units, new floor covering, fire-rated doors, interior and exterior paint, new windows, secured entry, private parking lot, new LED lighting throughout, and ADA accessibility. The property is located on the corner of S 5th Ave and W Columbia St and includes two 5-year lease renewal options.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Schools
Location Insight
- Map
- Local Demand
- City
- Pasco
- County
- Franklin
- State
- Washington
- Longitude
- -119.0959052
- Latitude
- 46.2344056
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FAQs
What type of property is this?
School - 8,100 SF commercial building with long-term lease in place.
Where is this school located?
The property is located at 611 S 5Th Ave Pasco, WA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: - ESD 10-Year Lease with Absolute Triple Net terms provides immediate and stable income.; - **$700K renovation enhances property value** and reduces near-term maintenance concerns.; - Commercial General zoning offers flexibility for potential future uses.