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Property profile & analytics
FOR LEASE
Retail space

2005 W Lewis St Pasco, WA 99301

5,919 SF 0.86 ac lot Built 1957
Entity Owned 2-yr Hold
Property ID
US90-1904026
2005 W Lewis St, Pasco, WA 99301 For Lease
$620,000 24,380 SF available
2005 W Lewis St, Pasco, WA 99301
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Property summary
AI-generated overview

This exceptional retail property, situated at 2005 W Lewis St in Pasco, WA, presents a unique investment opportunity. Boasting a prominent corner location at the intersection of Lewis Street and 20th Avenue, this property benefits from high daily traffic counts exceeding 13,000 vehicles. The 1.16-acre lot offers significant visibility and accessibility, making it ideal for a variety of retail uses. The building itself comprises approximately 5,900 square feet of office space, 2,400 square feet of shop space, and 448 square feet of storage, totaling over 8,700 square feet. The open floor plan allows for flexible layouts to accommodate diverse business needs. A substantial and secure lay-down yard is located behind the building, providing ample additional space for storage or operations. Previously occupied by a retail tenant, this property is ready for immediate occupancy, with availability commencing March 1st, 2025. The asking price is $8502, translating to an attractive price per square foot of $11.66. The property's proximity to Highway 395 ensures convenient access for customers and employees. The building can be subdivided into separate suites, offering further flexibility for potential tenants. Detailed plans and options for splitting the space are available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Total area 5,919 SF
Lot 0.86 ac (37,462 SF)
APN 119481026
UPID US90-1904026
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Panchos Heating & Cooling LLC HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
$509k
Blend (final) Blend
$620k
Owner & transaction history
2001lewis LLC · 2 yrs held
2001lewis LLC
since 2024
Last sale
$620,000
2 recorded transactions
2024
$620,000
2018
$480,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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