Historical Land Sale Listing - Newport Hwy C-Store-Gas-Retail Pad

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Newport Hwy C-Store-Gas-Retail Pad

9701 Newport Hwy, Spokane, WA 99218

N/A

27,632 SF | Land

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Land - Off Market

Price:
N/A
Lot Size:
27,632 SF
Property Type:
Land
Property Sub-type:
Retail (land)
APN / Parcel ID:
36173.0917
Listing ID
16422602
Last Updated
over 1 year ago

Utilities

  • Electricity/Power
  • Water
  • Telephone
  • Cable
  • Gas/Propane

Description

This 27,632 sf parcel is ready for build out. It is located across US 2 from the North Point Shopping Center in North Spokane. The property has an existing billboard valued at $75,000 (8 cap) producing $6K annual additional income with 3% escalators. The billboard can be moved to other locations on the parcel and the lease is renegotiable. Please see attachments for site photos, local businesses and location. Owner will consider JV for buildout. At $15.20/sf after billboard offsets, this is a high traffic site (24,000/day) bargain.

Just north of the SR 395 and US 2 Junction (the "Y") in north Spokane. Parcel is accessible both directions from US 2. The site is well suited for a retail strip, drive through utilizations or as a C-store where high visibility and traffic counts are needed. The commercial area around the "Y" in north Spokane is one of the fastest growing in all of Spokane County. The immediate area is home to many major retail outlets, medical offices, new apartment and living complexes, restaurants, and banks.

Map of 9701 Newport Hwy, Spokane, WA 99218 (Spokane County)

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Created 10/6/2009