Two-Tenant Retail Center with
For Sale
$7,891,000
2282 N Ash Street, Spokane, WA 97214
Two-tenant retail center anchored by Planet Fitness and Goodwill with ample parking and high visibility.
Property Size42,399 SF
Days on Market154
Property Features for 2282 N Ash Street
General Information
Standard status
Active
Size
42,399 SF
Property subtype
Retail
Building Details
Building Size
42,399 SF
Year Built
1980
Tenancy
Multi
Listing Agency:
SVN Imbrie Realty
Listed By:
Ryan Imbrie, CCIM · License #WA #25658
(503) 705-7352
Source:
Svn
Added: May 21
Changed: Oct 15
Last Checked: Oct 20 at 6:38PM
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 SVN Imbrie Realty
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Investment Insights
Based on property information with market context.
This two-tenant retail center is anchored by Planet Fitness and Goodwill. The property offers a stable, in-person tenant mix with Planet Fitness providing fitness services and Goodwill operating as a nonprofit thrift retailer.
The center is located on N Ash Street in Spokane, with high visibility and easy accessibility for local residents and passersby. The property also includes ample parking to support convenient customer access.
With two established tenants already in place, the retail center provides a straightforward configuration for buyers seeking an occupied neighborhood retail asset.
The center is located on N Ash Street in Spokane, with high visibility and easy accessibility for local residents and passersby. The property also includes ample parking to support convenient customer access.
With two established tenants already in place, the retail center provides a straightforward configuration for buyers seeking an occupied neighborhood retail asset.
Key Highlights
- Two‑tenant retail center built in 1980 in West Spokane on Ash Street
- Anchored by Planet Fitness and Goodwill, with both tenants occupying the center
- Ample on‑site parking for convenient customer access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$439,936
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,798,720
$8.8M
Cap Rate 7%
$6,284,800
$6.3M
Cap Rate 9%
$4,888,178
$4.9M
Market Conditions
NOI Build-Up for 42,399 SF
Gross rent
$686.9K $16.20/SF
− Vacancy
−$58.4K −$1.38/SF
EGI
$628.5K $14.82/SF
− OpEx
−$188.5K −$4.45/SF
NOI
$439.9K $10.38/SF
Area
Spokane, WA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,798,720
Cap Rate 7%
$6,284,800
Cap Rate 9%
$4,888,178
Alternative Uses
Best Use
Retail
$6.28M
$5.50M – $7.33M
NOI $439,936 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.94M
$9.57M – $12.76M
NOI $765,726 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-tenant retail center anchored by Planet Fitness and Goodwill with ample parking and high visibility.
Where is this shopping center located?
The property is located at 2282 N Ash Street Spokane, WA.
What is the asking price?
The asking price for this property is $7,891,000.
What are key features of this property?
This property features: Two‑tenant retail center built in 1980 in West Spokane on Ash Street; Anchored by Planet Fitness and Goodwill, with both tenants occupying the center; Ample on‑site parking for convenient customer access
