110 Broadway Ave Reardan, WA 99029
This exceptional commercial property, located at 110 E Broadway Ave in Reardan, WA, presents a rare investment opportunity. Spanning nearly an entire city block with a depth of half a block and encompassing 0.95 acres, this landmark property has been owned by the Colvilles family for 105 years. The main structure is a substantial 5,000 square foot brick building featuring seven bays and pumps, ideally suited for a variety of commercial ventures. Its prime location at the intersection of Highway 2 and Highway 231 ensures high visibility and accessibility. Envision a thriving lumber yard, auto repair shop, convenience store, or car dealership within this versatile space. The existing gas station and on-site laundry business offer immediate income streams, with the potential for expansion. The self-serve gas pumps provide an additional revenue source. Situated just 25 minutes from Spokane, this property benefits from its proximity to a larger city while residing in a charming, growing community, offering unique potential for creative and diverse commercial uses. The property's rich history and strategic location combine to create an unparalleled investment opportunity for the discerning buyer. This is a chance to own a piece of Reardan's history and shape its future. The asking price is $725,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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