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2011 N Jefferson St 1,938 SF Retail Building Spokane, WA 99205 $225,000 ($116.10/SF) 11.95% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime corner lot on Northwest Blvd
- Perfect for Office, retail, or multifamily redevelopment.
- Zoned CB-55/Residential Commercial - Allows for commercial, residential, or mixed use.
- Average Daily Traffic Count: 28,900
EXECUTIVE SUMMARY
High-visibility corner lot on Northwest Blvd Zoned CB-55/Residential Commercial – supports commercial, residential, or mixed-use redevelopment Strong potential for office, retail, or multifamily project Excellent exposure with 28,900 vehicles per day Potential investment opportunity with a cap rate of 10.75%
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
1,938 SF
Building Class
C
Year Built
1905
Price
$225,000
Price Per SF
$116.10
Cap Rate
11.95%
NOI
$26,888
Tenancy
Single
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.09 AC
Zoning
CB-55, Spokane - Commercial Business
Parking
4 Spaces (2.06 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 35073.0907 | Improvements Assessment | $202,300 |
| Land Assessment | $60,000 | Total Assessment | $262,300 |
PROPERTY TAXES
Parcel Number
35073.0907
Land Assessment
$60,000
Improvements Assessment
$202,300
Total Assessment
$262,300
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2011 N Jefferson St
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