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Retail/Office Space in Retail Hub
For Lease
$22 SF/Yr

16001 E Broadway Ave, Spokane Valley, WA 99037

7,617 SF retail/office space in high-traffic retail hub.

Space SizeContact for details
Property Size7,617 SF
Days on Market192

Property Features for 16001 E Broadway Ave

General Information

Standard status Active
Size 7,617 SF
Property subtype Office
Listing Agency:
Listed By: Chris Bell, SIOR
Source: Naiglobal
Added: Jan 27 Changed: Jul 10 Last Checked: Aug 6 at 4:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chris Bell, SIOR

Investment Insights

Based on property information with market context.

This 7,617 square foot space is located in a major retail hub on Broadway, just east of Sullivan, in front of Walmart. The location benefits from high average daily traffic counts, with approximately 46,000 vehicles on N Sullivan Avenue and 26,000 vehicles on E Broadway Avenue. The property is situated near other major retailers, including Khols, Lowes, and PetSmart, enhancing its appeal for various retail or office uses.

Key Highlights

  • Located in a major retail hub.
  • High average daily traffic: 46,000 ADT on N Sullivan Ave.
  • Located on E Broadway Ave with 26,000 ADT.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Hair Salon Grocery & Convenience Store Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

745
Businesses Nearby

Demographics for 99037, WA

15,907
Population
6,189
Households
2.6
Avg Household Size
38
Median Age
30%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
2,525
Density / Sq Mi
$83,886
Median Household Income
$43,970
Median Earnings
$1,303
Median Rent
$446,700
Median Home Value

Market

Lease Benchmarks for Spokane Valley, WA

$20.2 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
12,863 SF
Avg Space Size

This space is priced 9% above the average of $20.2 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - 7,617 SF retail/office space in high-traffic retail hub.
Where is this office units located?
The property is located at 16001 E Broadway Ave Spokane Valley, WA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Located in a major retail hub.; High average daily traffic: **46,000 ADT on N Sullivan Ave.**; Located on E Broadway Ave with 26,000 ADT.
More about this property
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