2205 Commercial AvePasco, WA 99301

Property Details for 2205 Commercial Ave

Year built

1997

Lot size

0.90 AC

Property size (Sq ft)

3,200 SF

Property type

Retail space

APN

113400338

APU

113400338

Description

This exceptional 12,200-square-foot industrial property in Pasco, Washington, presents a unique leasing opportunity. The property comprises two buildings situated on a 1.7-acre fenced lot. A recently renovated 9,000-square-foot warehouse, built in 2023, boasts 14-foot ceilings, nine 11x14 overhead doors, insulation, and heating. The adjacent 3,200-square-foot building, while slated for future updates, currently offers heating, cooling, two offices, an ADA-compliant restroom, and an overhead door. Both buildings are situated on a single, 1.7-acre lot in Franklin County, zoned for light industrial use. The property's location within the Tri-Cities MSA offers excellent access to transportation and a robust workforce. The warehouse's spacious layout and ample overhead doors are ideal for various industrial uses, while the smaller building provides additional office and storage space. This property is a prime location for businesses seeking a modern, well-maintained industrial space in a thriving market. The new ownership has plans for further site improvements, enhancing the property's value and appeal. The property is a single-tenant space, offering complete control and flexibility. This is a Class B building constructed in 1997, with significant renovations completed in 2023. The property's address is 2205 N Commercial Ave, Pasco, WA 99301.

• CAP approach

  CAP return

  Valuation

  6%

  $958,519

  6.5%

  $884,787

  7%

  $821,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,719,326

  Geo Method

  $1,719,326

• Alternative Use

  Use

  Valuation

  Residential

  $746,351

  Hospitality

  $683,654

  Educational

  $568,792

  Medical

  $588,353

  Retail

  $884,787

Location Insight

City

Pasco

County

Franklin

State

Washington

Latitude

46.2538

Longitude

-119.077

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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