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3112 N Division St 7,040 SF Retail Building Spokane, WA 99207 $1,175,000 ($166.90/SF) 7.30% Cap Rate
Executive Summary
Positioned along one of Spokane’s most established commercial corridors, 3112 N Division Street offers exceptional visibility, strong traffic counts, and convenient access to downtown Spokane, Gonzaga University, and the North Spokane trade area. This highly recognizable location provides outstanding frontage on North Division Street. Surrounded by national retailers, restaurants, and dense residential neighborhoods, the property benefits from consistent consumer activity and long-term growth within the market. With excellent accessibility, prominent signage opportunities, and a central location in the heart of Spokane, this property presents a rare opportunity for owners, investors, or businesses seeking a strategic presence in a high-demand corridor within Spokane.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,040 SF
Building Class
C
Year Built
1972
Price
$1,175,000
Price Per SF
$166.90
Cap Rate
7.30%
NOI
$85,775
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.02 AC
Zoning
GC-70 - GC-70
Parking
25 Spaces (3.55 Spaces per 1,000 SF Leased)
Frontage
228’ on N Division St
Amenities
- Pylon Sign
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35053.3711 | Improvements Assessment | $446,000 |
| Land Assessment | $923,460 | Total Assessment | $1,369,460 |
Property Taxes
Parcel Number
35053.3711
Land Assessment
$923,460
Improvements Assessment
$446,000
Total Assessment
$1,369,460
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3112 N Division St
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