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Executive Summary
Pass Life Commercial Building presents a rate opportunity to acquire one of the few institutional-quality retail investments at Snoqualmie Pass.
Lee & Associates is pleased to present the opportunity to acquire Pass Life Commercial Building, a fully leased, ±7,948-square-foot retail investment located in the heart of Snoqualmie Pass, Washington.
Constructed in 2015 as the commercial centerpiece of The Pass Life mixed-use development, the Property is home to an established collection of destination oriented tenants including Commonwealth Restaurant, Dru Bru Brewery, and the Washington State Ski & Snowboard Museum. Together, these businesses serve a diverse customer base of local residents, outdoor enthusiasts, and the more than two million annual visitors drawn to Snoqualmie Pass throughout the year.
Unlike traditional mountain communities that rely primarily on seasonal tourism, Snoqualmie Pass benefits from exceptional accessibility—less than one hour from both Seattle and Bellevue via Interstate 90—and year-round recreation that drives consistent consumer demand. The combination of skiing, hiking, mountain biking, trail systems, and interstate traffic has established the Pass as one of Washington’s premier outdoor destinations.
The Property offers investors immediate, stable cash flow from a fully leased tenant roster while providing long-term upside through future lease rollover in a highly supply-constrained market. Limited commercial inventory, barriers to new development, and continued investment in the surrounding community position Pass Life Commercial Building as a rare opportunity to acquire a landmark retail asset in one of the Pacific Northwest’s most desirable recreation
Lee & Associates is pleased to present the opportunity to acquire Pass Life Commercial Building, a fully leased, ±7,948-square-foot retail investment located in the heart of Snoqualmie Pass, Washington.
Constructed in 2015 as the commercial centerpiece of The Pass Life mixed-use development, the Property is home to an established collection of destination oriented tenants including Commonwealth Restaurant, Dru Bru Brewery, and the Washington State Ski & Snowboard Museum. Together, these businesses serve a diverse customer base of local residents, outdoor enthusiasts, and the more than two million annual visitors drawn to Snoqualmie Pass throughout the year.
Unlike traditional mountain communities that rely primarily on seasonal tourism, Snoqualmie Pass benefits from exceptional accessibility—less than one hour from both Seattle and Bellevue via Interstate 90—and year-round recreation that drives consistent consumer demand. The combination of skiing, hiking, mountain biking, trail systems, and interstate traffic has established the Pass as one of Washington’s premier outdoor destinations.
The Property offers investors immediate, stable cash flow from a fully leased tenant roster while providing long-term upside through future lease rollover in a highly supply-constrained market. Limited commercial inventory, barriers to new development, and continued investment in the surrounding community position Pass Life Commercial Building as a rare opportunity to acquire a landmark retail asset in one of the Pacific Northwest’s most desirable recreation
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,948 SF
Building Class
B
Year Built
2015
Price
$4,800,000
Price Per SF
$603.93
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.64 AC
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 957881 | Improvements Assessment | $1,119,600 |
| Land Assessment | $420,450 | Total Assessment | $1,540,050 |
Property Taxes
Parcel Number
957881
Land Assessment
$420,450
Improvements Assessment
$1,119,600
Total Assessment
$1,540,050
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