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    5725 E Sprague Ave Spokane, WA 99212

    For Sale
    $4,100,000

    29,936 SF commercial building on 1.42-acre lot for sale.

    Property size:
    29,936 SF
    Lot size:
    1.42 Acres

    Property Features for 5725 E Sprague Ave

    General Information

    Size
    29,936 SF
    Lot size
    1.42 Acres

    Source: Kiemle Hagood Agent Casey Brazil

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spokane Valley Retail Investment Opportunity

    This commercial building offers a prime investment opportunity along a high-demand retail corridor. The property features approximately 29,936 square feet of space and is situated on a 1.42-acre lot in Spokane Valley. The location provides exceptional visibility with prominent frontage and high daily traffic counts. Superior access is available along Sprague Avenue, with proximity to I-90. Zoned Regional Commercial, the property supports a diverse range of uses, offering strong long-term potential for redevelopment or continued income generation. Originally constructed in 1956 and renovated in 1980, the building provides a substantial footprint with approximately 65 on-site parking stalls, enhancing accessibility and tenant appeal. The property sits in front of Home Depot and is adjacent to Walmart, Costco and other National Retailers. Its strategic location within a high-traffic commercial corridor positions the asset for sustained value growth and stable occupancy in one of the region’s most active markets.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.3272836
    Latitude
    47.657398

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    FAQs

    What type of property is this?
    Shopping center - 29,936 SF commercial building on 1.42-acre lot for sale.
    Where is this shopping center located?
    The property is located at 5725 E Sprague Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: - Prime location in a high-demand retail corridor in Spokane Valley.; - Exceptional visibility with prominent frontage and high daily traffic counts.; - Adjacent to Walmart, Costco, Home Depot and other national retailers.
    (509) 838-6541
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    5725 E Sprague Ave Spokane, WA 99212
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    Spokane, WA 99212
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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
    5725 E Sprague Ave Spokane, WA 99212
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