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1517 E Sprague Ave 5,900 SF Retail Building Spokane, WA 99202 $600,000 ($101.69/SF) 7.40% Cap Rate
Executive Summary
Two grade level roll up doors for deliveries and stock management
Ideal for owner-user or long-term retail tenant
Updated in 2023 with a 2-layer silicone roof system
Pre-plumbed for restaurant or bar
New electrical and led lighting package in 2020
Lease in place until 4/30/27 (Tenant may vacate early for ower-user)
Ideal for owner-user or long-term retail tenant
Updated in 2023 with a 2-layer silicone roof system
Pre-plumbed for restaurant or bar
New electrical and led lighting package in 2020
Lease in place until 4/30/27 (Tenant may vacate early for ower-user)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,900 SF
Building Class
C
Year Built/Renovated
1907/2020
Price
$600,000
Price Per SF
$101.69
Cap Rate
7.40%
NOI
$44,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.97
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CC1
Frontage
Amenities
- Bus Line
- Storage Space
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35163.3708 | Improvements Assessment | $273,000 |
| Land Assessment | $90,000 | Total Assessment | $363,000 |
Property Taxes
Parcel Number
35163.3708
Land Assessment
$90,000
Improvements Assessment
$273,000
Total Assessment
$363,000
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1517 E Sprague Ave
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