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Flex Space with Light Industrial Zoning
For Lease
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223 1st Street, Cheney, WA 99004

Corner positioning and a flexible layout support a range of commercial configurations.

Space Size2,160 SF
Lot Size0.20 Acres
Days on Market26

Property Features for 223 1st Street

General Information

Standard status Active
Size 2,160 SF
Net Rentable 2,160 SF
Lot size 0.20 Acres
Property subtype RETAIL
Zoning Light Industrial
Lease Type NNN

Space & Availability

Available Space 2,160 SF
Contiguous Space 2,160 SF
Space Use Flex

Building Details

Year Built 1997
Building Size 2,160 SF

Spaces For Lease

at 223 1st Street
CHENEY FLEX SPACE $12/SF/Yr
Size 2,160 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE
Positioned at the corner of 1st Street and G Street in Cheney, this ±2,160 SF flex/industrial property offers a versatile opportunity for an owner-user, investor, or tenant looking for a flexible commercial location. Built in 1997 and situated on an ±8,600SF lot, the property is zoned Light Industrial, providing the potential for a variety of commercial uses. Cheney’s flexible Light Industrial zoning allows for a broad range of uses, including retail, restaurant, service businesses, office, entertainment, and other compatible uses. The property’s flex-oriented layout and convenient corner location provide an adaptable setting for a variety of business concepts. Buyers to independently verify their proposed use and any applicable requirements with the City of Cheney.
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Listing Agency: Kiemle Hagood
Listed By: Mary Kienbaum · License #IDCO52572
Source: Moodyscre
Added: Sep 8 Changed: Oct 2 Last Checked: Oct 2 at 2:27AM

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

Investment Insights

Based on property information with market context.

This flex space contains approximately 2,160 square feet and was built in 1997. Its adaptable configuration is suited to a range of commercial concepts, and the property sits on an approximately 8,600-square-foot lot. Light Industrial zoning applies.

The property occupies a corner at 1st Street and G Street in Cheney, Washington.

Key Highlights

  • Approximately 2,160 square feet of flex/industrial space
  • Built in 1997 on an approximately 8,600‑square‑foot lot
  • Light Industrial zoning

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Dental Office Kitchen & Bath Showroom Pharmacy Skin Care Clinic Big Box & Wholesale 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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

418
Businesses Nearby
Under-served
Demand for This Use

Demographics for 99004, WA

23,064
Population
8,992
Households
2.6
Avg Household Size
29
Median Age
36%
College-Educated
93%
High-School Grad
334.3 sq mi
ZIP Area
69
Density / Sq Mi
$62,014
Median Household Income
$29,835
Median Earnings
$1,081
Median Rent
$368,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Corner positioning and a flexible layout support a range of commercial configurations.
Where is this flex space located?
The property is located at 223 1st Street Cheney, WA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Approximately 2,160 square feet of flex/industrial space; Built in 1997 on an approximately 8,600‑square‑foot lot; Light Industrial zoning
(208) 770-2589 Call to check price and availability
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