Building Details

Tenancy Multi

Listing Agency: SVN | Retter & Company r***@svn.com Show Phone

Listed By: Rob Ellsworth · License #WA 17790

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 1:57PM

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Investment Insights

Based on property information with market context.

Court Street Retail Center is a fully occupied shopping center that includes the Court Street Laundry operation. The laundry component has received substantial equipment updates, including 28 new dryers and 3 new washers installed over the past 3 years. A manager and employees are already in place, with 5 onsite employees associated with the operation. The property has also undergone roofing work and HVAC replacements as needed.

Located at 1501 W Court St in Pasco, Washington, the center has maintained occupancy for more than 15 years. Planned site work includes parking lot sealing and restriping in spring 2023. The property includes multiple retail tenants serving similar customer groups, creating an established tenant mix within the center.

Key Highlights

• 100% occupied with no vacancy reported for more than 15 years
• Court Street Laundry included with manager and 5 onsite employees
• Laundry equipment includes 28 new dryers and 3 new washers installed over the past 3 years

Property Analytics

Property Profile

Current Use

Finder's Insurance Insurance Agency Carniceria La Cabana Take-out & Catering Court Street Laundromat (Bike/Boat/Book/etc) Store Pasco Smoke Shop (Bike/Boat/Book/etc) Store Primo Cell Mobile Phone Store

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Law Firm Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

735

Businesses Nearby

42k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 59% Shops & Services 41%

Panda Express Dining

12,722 visits/mo 0.2 miles

Conoco Shops & Services

6,652 visits/mo 0.5 miles

Guadalajara Dining

5,242 visits/mo 0.4 miles

Les Schwab Tire Center Shops & Services

4,750 visits/mo 0.2 miles

Pizza Hut Dining

3,921 visits/mo 0.5 miles

Demographics for 99301, WA

85,272

Population

27,700

Households

3.1

Avg Household Size

31

Median Age

21%

College-Educated

77%

High-School Grad

486.3 sq mi

ZIP Area

175

Density / Sq Mi

$82,517

Median Household Income

$41,409

Median Earnings

$1,195

Median Rent

$353,300

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Fully occupied retail center with an operating laundry business, updated equipment, and building improvements.

Where is this shopping center located?

The property is located at 1501 W Court St Pasco, WA.

What are key features of this property?

This property features: 100% occupied with no vacancy reported for more than 15 years; Court Street Laundry included with manager and 5 onsite employees; Laundry equipment includes 28 new dryers and 3 new washers installed over the past 3 years