10425 N Newport Hwy | Spokane, WA 99218
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10425 N Newport Hwy
Spokane, WA 99218
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% OCCUPIED BY TWO HOME FURNISHING BRANDS – ASHLEY FURNITURE AND CARPET BARN.
- STRONG PERFORMING ASHLEY FURNITURE; OPERATOR HAS 4 LOCATIONS, 3 OF WHICH ARE IN CANADA.
- CLOSE PROXIMITY TO WHITWORTH UNIVERSITY (LESS THAN 1 MILE) AND GONZAGA UNIVERSITY.
- LONG LEASE TERM REMAINS FOR ASHLEY FURNITURE (7.5+ YEARS) AND CARPET BARN RECENTLY EXTENDING AN ADDITIONAL 5 YEARS.
- DENSE SURROUNDING RESIDENTIAL BASE OF OVER 161,550 RESIDENTS WITHIN A 15-MINUTE DRIVING RADIUS.
- STRONG RETAIL SYNERGY, PROVIDED BY NORTHPOINTE PLAZA, A MAJOR RETAIL DESTINATION SHOPPING CENTER.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,744 SF
Building Class
B
Year Built
2008
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
2.83 AC
Zoning
RC
Parking
163 Spaces (3.64 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 36171.0205 | Improvements Assessment | $4,675,000 |
| Land Assessment | $1,357,930 | Total Assessment | $6,032,930 |
PROPERTY TAXES
Parcel Number
36171.0205
Land Assessment
$1,357,930
Improvements Assessment
$4,675,000
Total Assessment
$6,032,930
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