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    1628-1902 W Francis Ave Spokane, WA 99205

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    For Sale
    $35,000,000

    Established retail destination with diverse tenants and strong market presence.

    Property size:
    163,161 SF
    Lot size:
    14.12 Acres

    Property Features for 1628-1902 W Francis Ave

    General Information

    Size
    163,161 SF
    Lot size
    14.12 Acres

    Source: Kiemle Hagood Agent Casey Brazil

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

    Overview

    Grocery Anchored Retail Center

    This established retail destination, known as 5 Mile Shopping Center, features 15 buildings totaling approximately 163,161 square feet. The property includes a mix of 34 tenants, with three ground lease parcels spanning approximately 82,370 square feet. Anchored by Rosauers and complemented by a diverse lineup of national and local retailers, the shopping center benefits from exceptional visibility, strong traffic counts, consistent occupancy, and ample onsite parking. This grocery-anchored center offers broad appeal to both shoppers and tenants, combining long-standing stability with modern enhancements. The property presents investors with an opportunity to acquire a high-performing asset featuring substantial frontage, proven income, and enduring market strength.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    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.

    Similar Places Nearby

    Nevada Towers, Coinstar Kiosk | Bitcoin ATM, north nevada center

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.3859352
    Latitude
    47.7147756

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    FAQs

    What type of property is this?
    Shopping center - Established retail destination with diverse tenants and strong market presence.
    Where is this shopping center located?
    The property is located at 1628-1902 W Francis Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $35,000,000.
    What are key features of this property?
    This property features: - Grocery anchored shopping center with Rosauers, providing consistent customer traffic.; - High-barrier to entry asset, indicating limited competition and market dominance.; - Diverse mix of 34 tenants, including national and local retailers, ensuring income stability.
    (509) 838-6541
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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
    1628-1902 W Francis Ave Spokane, WA 99205
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