218 W Lewis St

Description

MLS# 285942 Dont 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 youre 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!