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$ 1,300,000
Est. payment /mo
Active
218 W Lewis St Pasco, WA 99301
7,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $185
MLS Listing ID 285942
HOA Y/N No
Year Built 1906
Annual Tax Amount $7,298
Lot Size 10,454 Sqft
Acres 0.24
Property Description
MLS# 285942 Don't miss this excellent opportunity to own a versatile, income-producing commercial property in the heart of Pasco. This well-maintained property offers multiple revenue streams, extensive updates, and solid rental income potential.Property Highlights:Fully Updated• New plumbing, electrical, and roof• Two brand new AC units valued at $40,000• Numerous improvements over the years, including extensive remodel work (over $200K invested), interior remodels, and structural enhancements.Flexible Space with Diverse Uses:• Service Repair Garages: 2,120 sq ft + 1,825 sq ft• Retail Stores: 1,880 sq ft + 1,175 sq ft• Total area: ~7,000 sq ft of rentable spaceAmple Amenities:• 3 bathrooms, 1 shower• 3-car garage with privacy curtains• Convenient alley access for deliveries or additional parkingCurrent & Potential IncomeTenant Type Rent/MonthGym $2,000Small Shop $1,500Big Shop $2,000Restaurant $2,500 (currently vacant)Total Potential $8,000/monthWith full occupancy, this property can generate approximately $96,000 annually.• Multiple building permits over the years demonstrate consistent care and investment into maintaining and upgrading the property.• Ideal for investors seeking strong cash flow, or owner-users wanting to occupy part of the building while generating rental income from the rest.This is a turn-key investment in a growing area, close to downtown amenities, highways, and surrounded by other established businesses. Whether you're expanding your portfolio or launching your own venture, this property offers stability, versatility, and so much more...Call today to schedule a private tour and explore the possibilities at 218 W. Lewis St, Pasco!
Location
State WA
County Us
Interior
Flooring Carpet, Concrete
Inclusions The Building
Window Features Double Pane Windows
Exterior
Parking Features 11 - 20 Spaces, Parking/10+ Spaces
Community Features Curbs, Sidewalks, Street Lights
Street Surface Paved
Building
Water Public
Others
Security Features Security System,Prewired
Acceptable Financing Exclusive Right
Listing Terms Exclusive Right
Listed by Tri-Cities Realty Group, LLC
School and business data provided by Attom Data.