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10925 N Newport Hwy
Spokane, WA 99218
Retail Property For Sale
Executive Summary
- 15,260-SF Multi-tenant Strip Building
- Tenants include:
- Retro Donuts
- Inland Northwest Ballet
- Jonathan’s Nail & Spa
- WA Army National Guard
- U.S. Armed Forced Recruiting Center
- Constructed in 2004 and renovated in 2018
- 2.82 Acre Parcel
- Zoning: GC (General Commercial)
- Proforma Cap Rate: 7%
- Tenants include:
- Retro Donuts
- Inland Northwest Ballet
- Jonathan’s Nail & Spa
- WA Army National Guard
- U.S. Armed Forced Recruiting Center
- Constructed in 2004 and renovated in 2018
- 2.82 Acre Parcel
- Zoning: GC (General Commercial)
- Proforma Cap Rate: 7%
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,260 SF
Building Class
B
Year Built
2004
Price
$4,400,000
Price Per SF
$288.34
Cap Rate
7%
NOI
$308,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.82 AC
Zoning
RC
Parking
150 Spaces (9.83 Spaces per 1,000 SF Leased)
Frontage
291’ on N Newport Hwy
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 36171.0110 | Improvements Assessment | $3,257,900 |
| Land Assessment | $984,150 | Total Assessment | $4,242,050 |
Property Taxes
Parcel Number
36171.0110
Land Assessment
$984,150
Improvements Assessment
$3,257,900
Total Assessment
$4,242,050
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