611 W Columbia St + 120 S 5th Ave, PASCO, WA, 99301

611 W Columbia St + 120 S 5th Ave PASCO, WA 99301

PASCO
FOR SALE
Property Type:
Schools/Education
Amount:
$2,400,000
Last Verified:
Nov 21, 2025

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Highlights

  • Absolute Triple Net
  • Two 5-Year Lease Renewal Options
  • 3% Annual Increases
  • $700K Renovation
  • New 10-year roof
  • New HVAC units
  • New floor covering
  • Fire-rated doors
  • Interior & Exterior paint
  • New windows
  • Secured entry
  • Private parking lot
  • New LED lighting throughout
  • ADA accessible
  • AGENT OWNED
  • ADT: ±32,928

Description

MLS 284669 Introducing a lucrative investment opportunity in Pasco, WA, at 611 W Columbia St + 120 S 5th Ave. This 8,100 SF building, constructed in 1960 and zoned Commercial General, presents an attractive option for the discerning Special Purpose/School investor. The property boasts an ESD 10-Year Lease with Absolute Triple Net terms, featuring a $700K renovation and 3% annual increases. With a solid lease in place, this property offers stability and long-term potential for investors seeking a secure and rewarding opportunity in the Pasco area.

Located on the corner of S 5th Ave and W Columbia St.


Year Built: 1960
Building Size: 8100sq ft
Lot Size: 0.55 acres

Map of 611 W Columbia St + 120 S 5th Ave, PASCO, WA, 99301

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.