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    110 Broadway Ave Reardan, WA 99029

    For Sale
    $725,000

    Historic Gas Station, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    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.

    Property Features for 110 Broadway Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    41,382 SF

    Building Details

    Year Built
    1928
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Reardan
    County
    Lincoln
    State
    Washington
    Longitude
    -117.8775
    Latitude
    47.66973

    Nearby Comparable

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    Nearby Similar for Sale

    • $725,000
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      Iconic Gas Station Opportunity

      Historic gas station with development potential in Reardan, Washington.
      110 E Broadway Ave, Reardan, WA 99029
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    • $350,000

      Historic Diner Opportunity For Sale

      Iconic drive-in restaurant with real estate and equipment included.
      210 W Broadway Ave, Reardan, WA
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    • $150,000
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      Reardan Retail/Office Opportunity

      Highly visible 2,400 SF retail/office building on 0.48 acres.
      100 W Broadway Ave, Reardan, WA
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    • $400,000
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      Iconic Drive-In for Sale

      Historic Diner, Turnkey Operation
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      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Historic Gas Station, Huge Potential
    Where is this commercial real estate located?
    The property is located at 110 Broadway Ave Reardan, WA.
    What is the asking price?
    The asking price for this property is $725,000.
    (509) 838-5281
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    110 Broadway Ave Reardan, WA 99029
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    Reardan, WA 99029
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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
    110 Broadway Ave Reardan, WA 99029
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