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    508 1St St Cheney, WA 99004

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    For Lease
    $17 SF/Yr ($2,150 /Mo)

    Former restaurant space with on-site parking and premier visibility.

    Property size:
    1,436 SF
    Lot size:
    0.05 Acres

    Property Features for 508 1St St

    General Information

    Size
    1,436 SF
    Lot size
    0.05 Acres

    Source: Kiemle Hagood Agent Tim Kestell

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

    Overview

    Downtown Cheney Restaurant/Retail Space

    Located along the main thoroughfare of downtown Cheney, this former restaurant space offers 1436 square feet of space suitable for restaurants or retail purposes. The property features on-site parking in the rear lot and a glass roll-up door. It benefits from premier visibility and is situated near additional shops and eateries.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.5752075
    Latitude
    47.4878665

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    FAQs

    What type of property is this?
    Restaurant - Former restaurant space with on-site parking and premier visibility.
    Where is this restaurant located?
    The property is located at 508 1St St Cheney, WA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Premier visibility in downtown Cheney; - On-site parking in rear lot; - Former restaurant space, ready for your vision
    (509) 755-7542
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    508 1St St Cheney, WA 99004
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    Cheney, WA 99004
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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
    508 1St St Cheney, WA 99004
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