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New Construction Auto Shop
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1850 N DIVISION ST, Spokane, WA 99207

A 15-year ground lease carries no landlord responsibilities.

Property Size2,627 SF
Price / SF$997.48
Days on Market186

Property Features for 1850 N DIVISION ST

General Information

Standard status Active
Size 2,627 SF
Property subtype Retail
Net Operating Income $141,500

Building Details

Year Built 2025
Stories 1
Tenancy Single
Listing Agency: Kidder Mathews Seattle
Listed By: David Gellner · License #WA 112893
Source: Crexi
Added: Apr 13 Changed: Oct 2 Last Checked: Oct 14 at 10:29PM

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 Kidder Mathews Seattle

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Investment Insights

Based on property information with market context.

This new-construction auto shop is operated under the Valvoline name and is offered with a 15-year ground lease. The lease structure provides for no landlord responsibilities, a material feature for evaluating ongoing ownership obligations.

The property is located at 1850 N Division St in Spokane, Washington. Its Spokane setting places the asset within the second-largest city in Washington State.

Key Highlights

  • New‑construction Valvoline auto shop
  • 15‑year ground lease
  • No landlord responsibilities

Property Analytics

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Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

1,451
Businesses Nearby
Well-served
Demand for This Use

Demographics for 99207, WA

32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Similar Off Market Nearby

  • EZ Loader Boat Trailers Inc — 717 N Hamilton St, Spokane, WA 99202
  • Toby's Body & Fender — 1022 N Normandie St, Spokane, WA 99201
  • Jkservices — 625 W Maxwell Ave Apt 3, Spokane, WA 99201
  • TrustyLube Mobile Services
  • 24 Hour Mobile Mechanics Spokane

Frequently Asked Questions

What type of property is this?
Auto shop - A 15-year ground lease carries no landlord responsibilities.
Where is this auto shop located?
The property is located at 1850 N DIVISION ST Spokane, WA.
What is the asking price?
The asking price for this property is $2,620,370.
What are key features of this property?
This property features: New‑construction Valvoline auto shop; 15‑year ground lease; No landlord responsibilities
(206) 296-9600 Call to check price and availability
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