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Pinewater Plaza Investment & Development 3 Properties Offered at $7,400,000 in Spokane, WA
Investment Highlights
- Fully occupied 15,260 SF multi-tenant retail building in Spokane’s expanding North Spokane corridor.
- Freestanding Starbucks with a dedicated drive-thru, enhancing traffic and visibility appeal.
- Positioned near WA Army National Guard facilities, with substantial traffic of over 24,500 vehicles per day.
- Includes two undeveloped, development-ready pad sites totaling over 60,000 square feet.
- Prime frontage with more than 350 feet along N Newport Highway, a major retail artery in the region.
- Zoned Regional Commercial, allowing for diverse retail, office, and restaurant uses.
Executive Summary
Pinewater Plaza offers a high-quality investment opportunity in Spokane’s fast-growing North Spokane submarket. The center is fully occupied, featuring a multi-tenant retail building paired with prime outparcel development sites. Anchored by a strong tenant mix including Retro Donuts, Inland Northwest Ballet, and Jonathan’s Nail & Spa, it benefits from excellent visibility along N Newport Highway and steady foot traffic. Current occupancy provides immediate income stability, while the two development-ready outparcels create a unique value-add component for future growth.
Highly visible with over 350 feet of frontage, this property is strategically positioned in a corridor that connects to major north-south routes and is bolstered by surrounding national retailers. The location also serves as a hub for government and defense-related offices, given proximity to local military installations, contributing to consistent consumer demand. Coupled with a freestanding Starbucks that includes a drive-thru on site, Pinewater Plaza represents a rare find combining income generation, expansion potential, and enduring market fundamentals.
Highly visible with over 350 feet of frontage, this property is strategically positioned in a corridor that connects to major north-south routes and is bolstered by surrounding national retailers. The location also serves as a hub for government and defense-related offices, given proximity to local military installations, contributing to consistent consumer demand. Coupled with a freestanding Starbucks that includes a drive-thru on site, Pinewater Plaza represents a rare find combining income generation, expansion potential, and enduring market fundamentals.
Property Facts
| Price | $7,400,000 | Number of Properties | 3 |
| Price / SF | $416.67 / SF | Individually For Sale | 3 |
| Sale Type | Investment | Total Building Size | 17,760 SF |
| Status | Active | Total Land Area | 4.83 AC |
| Price | $7,400,000 |
| Price / SF | $416.67 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 17,760 SF |
| Total Land Area | 4.83 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Pinewater Plaza - Pad Sites
10903 Newport, Spokane, WA 99218 |
Land | 1.39 AC | - | - |
| 10925 N Newport Hwy, Spokane, WA 99218 | Retail | 15,260 SF | 2004 | $4,400,000 |
| 10919 N Newport Hwy, Spokane, WA 99218 | Retail | 2,500 SF | 2018 | $1,500,000 |
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