For Sale
$4,000,000

3333 Court St Pasco, WA 99301

Pasco, WA Retail Center - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
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 Details for 3333 Court St

Property type
Lifestyle centers, Power centers
Square Feet
20,000 SF
Year Built
1980
Buildings
2
Stories
1
Units
18

Location Insight

City
Pasco
County
Franklin
State
Washington
Latitude
46.24171
Longitude
-119.135718

FAQs

What type of property is this?
Lifestyle center - Pasco, WA Retail Center - High ROI
Where is the 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3333 Court St
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