1804 Lewis StPasco, WA 99301

  • Office properties
  • 10,680 SF
For Lease
$11.88/SF/YR View listing

Property Details for 1804 Lewis St

Year built
1963
Lot size
1.10 AC
Property size (Sq ft)
10,680 SF
Property type
Office properties
Property subtype
Other office properties
APN
112230194
APU
112230194

Description

This exceptional commercial property, located at 1804 W Lewis St, Pasco, WA 99301, offers 8,200 square feet of immediately available office space within a larger 15,000 square foot building situated on one acre of land. The building, a Class B property constructed in 1975 and renovated in 2022, features seven total suites, with a minimum divisible space of 250 square feet and a maximum contiguous space of 7,000 square feet. Multiple suites are available, offering a high degree of flexibility for businesses of varying sizes. Each suite boasts desirable features including private offices, private bathrooms, and meeting/conference rooms. Ample parking is provided with 25 spaces available on-site. The property enjoys a high-visibility location near the intersection of 20th and Highway 395, a main thoroughfare in Pasco. Its convenient location offers easy access to a variety of amenities, including shopping, restaurants, salons, and the Pasco Youth Baseball Complex. The C-1 zoning (PMC/25.85.020) allows for a diverse range of commercial uses. This is a truly remarkable opportunity to secure prime office space in a thriving Tri-Cities, Burbank submarket within Franklin County. The property's recent renovation ensures modern functionality and comfort. Contact us today to learn more about leasing options and to schedule a viewing.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,176,230
    6.5%
    $2,008,828
    7%
    $1,865,340
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,277,083
    Geo Method
    $2,277,083
  • Alternative Use

    Use
    Valuation
    Residential
    $2,490,946
    Hospitality
    $2,281,694
    Educational
    $1,898,342
    Medical
    $1,963,629
    Retail
    $2,952,977
1804 Lewis St, Pasco, Washington
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Location Insight

City
Pasco
County
Franklin
State
Washington
Latitude
46.2279
Longitude
-119.114
CBSA code
28420
CBSA name
KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$9,671
$313,300
$831,300
$1,144,600
-
$313,300
$831,300
$1,144,600

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