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    12622 E Sprague Ave Spokane Valley, WA 99216

    For Sale
    $1,200,000

    COMMERCIAL - Spokane Valley, WA

    Property size:
    4,491 SF
    Lot size:
    0.46 Acres
    Days on Market:
    201
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 12622 E Sprague Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CMU
    APN
    45222.0314
    Basement
    Partial
    Size
    4,491 SF
    Lot size
    0.46 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1967
    Floors in Building
    2
    Building materials
    Block, Wood Siding
    Roof type
    Composition

    First Look Real Estate (509) 928-3413 [email protected]

    Listing agent Michael King (509) 863-4853

    Listing date May 19, 2025

    Copyright © 2025 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn Key Spokane Valley Restaurant

    This is a turn-key restaurant opportunity located in Spokane Valley, Washington. The property includes furniture, fixtures, and equipment (FF&E). The sale excludes the Conley Restaurant name. The property is zoned CMU and has a building size of 4491 square feet on a lot of 0.46 acres. The property is suitable for restaurants and retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conley's Place Restaurant American Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.234456
    Latitude
    47.656613

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    FAQs

    What type of property is this?
    Turn key restaurant - Turn-key restaurant with FF&E available for sale in Spokane Valley.
    Where is this turn key restaurant located?
    The property is located at 12622 E Sprague Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - "Turn Key" restaurant opportunity.; - Includes FF&E (Furniture Fixtures & Equipment).; - Available for sale at $1,200,000.
    (509) 863-4853
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12622 E Sprague Ave Spokane Valley, WA 99216
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