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405 W Walnut St 4,104 SF 100% Leased Retail Building Newport, WA 99156 $425,000 ($103.56/SF)
Investment Highlights
- Owner/user opportunity featuring four commercial bays with flexible office/retail layouts
- Ample paved on-site parking with easy access for customers and staff
- Prominent corner location on Walnut Street with strong visibility and pylon signage exposure
- Investment upside through leasing vacant bays or adjusting rents toward market rates
Executive Summary
This 4,104 SF four-bay strip center offers an excellent owner-user or value-add opportunity. Zoned C-1, the property supports flexible office and retail uses, features prominent signage and paved on-site parking, and provides upside through lease-up of the vacant suite and potential rent growth.
Positioned in Newport’s Central Business District, 405 W Walnut Street features a high-visibility corner location with approximately 6,056 vehicles per day along Walnut Street & Washington Ave intersection. Surrounded by established downtown businesses and just 47 miles from Spokane via Highway 2, the property offers strong access and long-term commercial appeal.
Positioned in Newport’s Central Business District, 405 W Walnut Street features a high-visibility corner location with approximately 6,056 vehicles per day along Walnut Street & Washington Ave intersection. Surrounded by established downtown businesses and just 47 miles from Spokane via Highway 2, the property offers strong access and long-term commercial appeal.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,104 SF
Building Class
C
Year Built
1985
Price
$425,000
Price Per SF
$103.56
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.25 AC
Zoning
Commercial
Parking
15 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 463118-52-0054 | Improvements Assessment | $240,084 |
| Land Assessment | $74,250 | Total Assessment | $314,334 |
Property Taxes
Parcel Number
463118-52-0054
Land Assessment
$74,250
Improvements Assessment
$240,084
Total Assessment
$314,334
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405 W Walnut St
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