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Retail Redevelopment Opportunity Near US-2 12824-12825 W 14th Ave 45,983 SF 100% Leased Retail Building Airway Heights, WA 99001 $3,500,000 ($76.12/SF)
INVESTMENT HIGHLIGHTS
- Free Standing Commercial building on a large lot with value add opportunity
- Large striped parking lot in front with a dirt/graveled lot behind the building
- Building equipped with 2 loading docks
- Zoning allows for commercial, financial, retail, personal services, restaurants, professional & medical offices, entertainment and hotels.
EXECUTIVE SUMMARY
PRICE REDUCED!
Former Yoke’s Grocery building totaling 45,983 SF on 4.94 acres along Highway 2 in Downtown Airway Heights. Zoned C-1, the property offers strong redevelopment potential for retail, restaurant, office, or future pad sites. An adjacent 1.18-acre parcel is also available separately for $400,000. The primary building and 4.94 acres are offered at $3,500,000, or $3,900,000 when purchased together with the additional 1.18 acres for a combined 6.12 acres.
Former Yoke’s Grocery building totaling 45,983 SF on 4.94 acres along Highway 2 in Downtown Airway Heights. Zoned C-1, the property offers strong redevelopment potential for retail, restaurant, office, or future pad sites. An adjacent 1.18-acre parcel is also available separately for $400,000. The primary building and 4.94 acres are offered at $3,500,000, or $3,900,000 when purchased together with the additional 1.18 acres for a combined 6.12 acres.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
45,983 SF
Building Class
C
Year Built
1978
Price
$3,500,000
Price Per SF
$76.12
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
4.94 AC
Opportunity Zone
Yes
Zoning
C-1 Light Commercial - Zoning allows for commercial, financial, retail, personal services, restaurants, professional & medical offices, entertainment and hotels.
Parking
187 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
424’ on W 14th Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15261.1907 | Improvements Assessment | $1,753,300 |
| Land Assessment | $645,560 | Total Assessment | $2,398,860 |
PROPERTY TAXES
Parcel Number
15261.1907
Land Assessment
$645,560
Improvements Assessment
$1,753,300
Total Assessment
$2,398,860
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Retail Redevelopment Opportunity Near US-2 | 12824-12825 W 14th Ave
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