5710 Road 68Pasco, WA 99301

  • Retail properties
  • 59,838 SF
For Lease
$14/SF/YR View listing

Property Details for 5710 Road 68

Year built
2018
Lot size
5.47 AC
Property size (Sq ft)
59,838 SF
Property type
Retail properties
Property subtype
Strip malls
APN
116030015
APU
116030015

Description

This exceptional 12,000 square foot retail space, located within a larger 59,838 square foot building at 5710 Rd 68 in Pasco, Washington, presents a unique investment opportunity. Built in 2018, the single-story building sits on a 5.47-acre lot and is zoned for Commercial/Retail Trade (APN: 116030015). The property boasts a prime location in Pasco's thriving retail hub, surrounded by numerous ongoing and planned developments, ensuring high visibility and foot traffic. The suite offers a single-tenant occupancy, providing flexibility and control. Franklin County's robust economy and growing population make this an ideal location for a variety of retail businesses. The property's modern construction and strategic placement within a dynamic retail environment offer significant potential for growth and return on investment. This is a rare opportunity to secure a substantial retail space in a rapidly developing area. The property's single-story design and ample parking provide convenient access for customers and employees. Don't miss this chance to establish your business in a prime Pasco location. Contact us today to learn more about this exceptional retail opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $17,923,712
    6.5%
    $16,544,966
    7%
    $15,363,182
  • Comparable approach

    Method
    Valuation
    Relative Method
    $32,150,312
    Geo Method
    $32,150,312
  • Alternative Use

    Use
    Valuation
    Residential
    $13,956,298
    Hospitality
    $12,783,894
    Educational
    $10,636,049
    Medical
    $11,001,839
    Retail
    $16,544,966
5710 Road 68, Pasco, Washington

Location Insight

City
Pasco
County
Franklin
State
Washington
Latitude
46.2793
Longitude
-119.189
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
$91,826
$4,288,500
$9,688,500
$13,977,000
-
$4,288,500
$9,688,500
$13,977,000

FAQs

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