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15614 E Sprague-Sculptured Gardens 15614 E Sprague Ave 10,464 SF Retail Building Veradale, WA 99037 $1,975,000 ($188.74/SF)



INVESTMENT HIGHLIGHTS
- 1.7 Ac Land, 3,800 sqft Retail Building +6,664 sqft Green Houses, Highly Versatile Uses
- Superior Retail Location on Sprague Ave/ Sullivan Rd Corridor
- Tremendous Visibility, High Traffic Counts, Huge Digital Double Faced Signage
EXECUTIVE SUMMARY
Highly Versatile Commercial Property w/131 feet of Sprague Ave Frontage & 10,460 sqft under roof cover, zoned Regional Commercial CR), Commercial Mixed Use (CMU). Do not let the Commercial Exterior deter you from experiencing first hand the Warm & Inviting Interior of this Retail Space. This is a must see property. Tremendous Visibility, 25,000+ Vehicles Daily, High Resolution Digital Sign, Double Sided. Located in the Highly Desirable Rapidly Growing Spokane Valley Area on Sprague Ave & Sullivan Rd, Across From Fred Meyer. Easy I-90 Access on Sullivan. Property is Shadow Anchored by National Tenants Fred Meyer, Walgreens, PetCo, Five Guys, Dairy Queen, ACE Hardware, Banner Bank, Jersey Mike’s Subs. Great Parking, New Asphalt, Fenced/Cross-Fenced, w/Rolling Gates, ADA Access, In-Ground Sprinklers, Covered Patio/Porch, Metal Roofing. Seller may offer Financing Terms to Well Qualified Buyer w/Substantial Down Payment.
Currently Used as a Year Round Gift Shop, Garden Center & Plant Nursery; but is only operated on a Part Time Basis by Offsite Owner Operator who started the business as a Hobby. 3,800 sqft +/- Retail Building w/Attic Storage plus Food Approved Triple Sink in Kitchen/Prep area supports a future Food Offering. Owner has Architectural Drawings for a Coffee Bar & Sandwich/Dessert Counter. 6,460 sqft in Greenhouses currently used for Nursery Growing On Site, could be used for Direct Retailing of Live Plants and/or Retail Inventory or for Environmentally Controlled Storage, Warehouse or Service Production work. Business Offering, Inventory, Furniture, Fixtures & Equipment, including the 2 Sheds on the property are NOT included in the offering price but are 4-Sale. Listing Broker has an ownership interest in the property and the business.
Currently Used as a Year Round Gift Shop, Garden Center & Plant Nursery; but is only operated on a Part Time Basis by Offsite Owner Operator who started the business as a Hobby. 3,800 sqft +/- Retail Building w/Attic Storage plus Food Approved Triple Sink in Kitchen/Prep area supports a future Food Offering. Owner has Architectural Drawings for a Coffee Bar & Sandwich/Dessert Counter. 6,460 sqft in Greenhouses currently used for Nursery Growing On Site, could be used for Direct Retailing of Live Plants and/or Retail Inventory or for Environmentally Controlled Storage, Warehouse or Service Production work. Business Offering, Inventory, Furniture, Fixtures & Equipment, including the 2 Sheds on the property are NOT included in the offering price but are 4-Sale. Listing Broker has an ownership interest in the property and the business.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Garden Center
Building Size
10,464 SF
Building Class
C
Year Built
1995
Price
$1,975,000
Price Per SF
$188.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.70 AC
Zoning
C
Parking
23 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
131’ on E Sprague Ave
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45242.0439 | Improvements Assessment | $119,700 |
| Land Assessment | $593,020 | Total Assessment | $712,720 |
PROPERTY TAXES
Parcel Number
45242.0439
Land Assessment
$593,020
Improvements Assessment
$119,700
Total Assessment
$712,720
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15614 E Sprague-Sculptured Gardens | 15614 E Sprague Ave
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