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630 W Shannon Ave
Spokane, WA 99205
Retail Property For Sale
Investment Highlights
- Industrial Warehouse
- Investment Opportunity
- Office Space
Executive Summary
• ~ 3,750 Square Feet of Warehouse Space
• ~ 1,305 Square Feet of Office Space
• New LVP Flooring & Paint in Office Area
• 3 Overhead Doors (10x10, 11x11, 11x12)
• Rental Income $4,333/Month/NNN
• NOI: $52,000/yr
• Cap Rate: 8%
• ~ 1,305 Square Feet of Office Space
• New LVP Flooring & Paint in Office Area
• 3 Overhead Doors (10x10, 11x11, 11x12)
• Rental Income $4,333/Month/NNN
• NOI: $52,000/yr
• Cap Rate: 8%
Property Facts Under Contract
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Building Size
5,055 SF
Building Class
C
Year Built
1914
Price
$650,000
Price Per SF
$128.59
Cap Rate
8%
NOI
$52,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.84
Lot Size
0.14 AC
Zoning
Industrial
Frontage
50’ on Shannon Ave
Property Taxes
| Parcel Number | 35074.2607 | Improvements Assessment | $353,300 |
| Land Assessment | $36,000 | Total Assessment | $389,300 |
Property Taxes
Parcel Number
35074.2607
Land Assessment
$36,000
Improvements Assessment
$353,300
Total Assessment
$389,300
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