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Grocery Anchored Retail Center

1628-1902 W Francis Ave, Spokane, WA

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For Sale

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Established retail destination with diverse tenants and strong market presence.

Type:RETAIL

Property size:

163,161 SF

Lot size:

14.12 Acres

Price / SF:

$214/SF

HighLights

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.
Substantial frontage and exceptional visibility, attracting shoppers and tenants.
Strong traffic counts and ample onsite parking, enhancing customer convenience.
Proven income and enduring market strength, offering a stable investment opportunity.

We can help!

Listing Contact

Casey Brazil

For Sale

Contact for pricing

Established retail destination with diverse tenants and strong market presence.

Type:RETAIL

Property size:

163,161 SF

Lot size:

14.12 Acres

Price / SF:

$214/SF

Added:: Sep 29, 2025
Days on Market:: 255
Last Refresh:: May 20 at 9:19 pm

Property Features for 1628-1902 W Francis Ave

General Information

Standard status: Active
Size: 163,161 SF
Lot size: 14.12 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Casey Brazil

Listing agent Richard Fox

Listing office Kiemle Hagood

Listing date Sep 29, 2025

Source Moodyscre

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 Kiemle Hagood

HighLights

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.
Substantial frontage and exceptional visibility, attracting shoppers and tenants.
Strong traffic counts and ample onsite parking, enhancing customer convenience.
Proven income and enduring market strength, offering a stable investment opportunity.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

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Location Insight

Map
Local Demand

City: Spokane
County: Spokane
State: Washington
Longitude: -117.386
Latitude: 47.7148

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For sale
Shopping centers
WA
Spokane
1628-1902 W Francis Ave

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.

1628-1902 W Francis Ave, Spokane, WA

Established retail destination with diverse tenants and strong market presence.

Property Features for 1628-1902 W Francis Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Versatile Spokane Commercial Warehouse Space

Spokane Commercial Property For Sale

Spokane 10-Unit Apartment Building

Renovated Multi-Structure Multifamily Property

Spokane Duplex: Investment Opportunity

Spokane Ranch Duplex: Investor Opportunity

New Duplex Near University District

New Duplex Near Downtown Spokane

South Hill Adult Family Home

Spokane Commercial Flex Space Available

Spokane Garage Lodge Automotive Space

South Hill Multifamily Investment Opportunity

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