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3807 W Court St 7,174 SF Office Building Pasco, WA 99301 $1,799,000 ($250.77/SF) 5.70% Cap Rate
Investment Highlights
- Prime Location
- Heavy traffic count
- Two Lots
Executive Summary
Prime Pasco Office Opportunity on 1.58 Acres Discover an exceptional commercial investment or future owner-user opportunity located at 3807 Court Street in Pasco. This well-maintained 7,174-square-foot office building is situated on a sprawling 1.58-acre site across two separate tax parcels, offering incredible long-term flexibility and potential for expansion. Originally constructed in1994 and freshly painted in 2021, the building is currently 100% leased to a single tenant, providing immediate, stable cash flow. The existing lease has 1.5 years remaining, NNN. Boasting excellent visibility right off Court Street and just before Road 40, the property features a generous parking lot with 11 to 20 dedicated spaces. Zoning is Commercial General, accommodating a wide variety of professional business uses. Don't miss out on this turnkey commercial asset in a rapidly growing Franklin County hub.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,174 SF
Building Class
B
Year Built
1994
Price
$1,799,000
Price Per SF
$250.77
Cap Rate
5.70%
NOI
$102,502
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,174 SF
Building FAR
0.10
Lot Size
1.58 AC
Zoning
Commercial - Commercial Zone
Amenities
- Fitness Center
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $666,300 | |
| Land Assessment | $1,023,100 | Total Assessment | $1,689,400 |
Property Taxes
Parcel Numbers
Land Assessment
$1,023,100
Improvements Assessment
$666,300
Total Assessment
$1,689,400
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Contact the Sale Advisor
3807 W Court St