611 S 5Th Ave Pasco, WA 99301
8,100 SF building with ESD 10-Year Lease.
Building Details
- Year built
- 1960
Source:
Naiglobal
Listing Agency: NAI Tri-Cities Listing Agent: Todd Sternfeld
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pasco 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, the property is zoned Commercial General and is suitable for a Special Purpose or School investor. The property features an ESD 10-Year Lease with Absolute Triple Net terms, including a $700K renovation and 3% annual increases. There are two 5-year lease renewal options, with 7 years remaining on the original term. Renovations include 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. The ADT is approximately 32,928.
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
Nearby Similar for Sale
FAQs
What type of property is this?
School - 8,100 SF building with ESD 10-Year Lease.
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 $2,700,000.
What are key features of this property?
This property features: - ESD 10-Year Lease with Absolute Triple Net terms provides a secure and stable investment.; - **$700K Renovation enhances the property's value and appeal.**; - Commercial General zoning offers flexibility for future use.
