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    3333 Court St Pasco, WA 99301

    For Sale
    $4,000,000

    Pasco, WA Retail Center - High ROI

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multi-tenant shopping center, located at 3333 W Court St in Pasco, Washington, presents a compelling investment opportunity. The property boasts 20,000 square feet of net rentable space distributed across 18 units within two single-story buildings, constructed in 1980. Currently operating with low vacancy, this turnkey asset generates a healthy monthly income stream from month-to-month leases, offering immediate cash flow. The diverse tenant mix ensures stability and resilience. Situated on a 1.77-acre lot, the center benefits from ample parking both in front and behind the buildings. The property's prime location on busy Court Street in Pasco, WA, ensures high visibility and accessibility for tenants and customers. The asking price is $4,000,000, representing a compelling price per square foot of $200 and a 4.51% capitalization rate. The property is zoned for commercial use (APN: 119380055) and offers a strong potential for long-term growth and appreciation. This is an ideal acquisition for investors seeking a stable, high-yielding retail investment in a thriving Washington market. The property's established tenant base and consistent income make it a low-risk, high-reward opportunity. The property's location in Franklin County, WA, zip code 99301, provides easy access to major transportation routes and a strong local economy.

    Property Features for 3333 Court St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    20,000 SF

    Building Details

    Year Built
    1980
    Buildings
    2
    Stories
    1
    Units
    18
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasco
    County
    Franklin
    State
    Washington
    Longitude
    -119.135718
    Latitude
    46.24171

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    FAQs

    What type of property is this?
    Lifestyle center - Pasco, WA Retail Center - High ROI
    Where is this lifestyle center located?
    The property is located at 3333 Court St Pasco, WA.
    What is the asking price?
    The asking price for this property is $4,000,000.
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    3333 Court St Pasco, WA 99301
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    Pasco, WA 99301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3333 Court St Pasco, WA 99301
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