Retail Storefront with Street
3112 N Division St Spokane, WA 99207
3112 N Division St, Spokane, WA, 99207
Contact for pricing
For Sale
Contact for pricing
For sale retail storefront on N Division St with prominent frontage and convenient access to downtown Spokane.
Property Size7,040 SF
Price / SF$166.90
Days on Market55
Property Features for 3112 N Division St
General Information
- Standard status
- Active
- Size
- 7,040 SF
- Property subtype
- RETAIL
Listing agency
NWC - KV LLC
(253) 988-2649
Listed by
Theron Meier
(253) 988-2649
Source
Moodyscre
Added: May 28 Updated: Jul 20 at 4:13PM Checked: Jul 21 at 6:29AM
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 NWC - KV LLC
Investment Insights
Based on property information with market context.
3112 N Division St is a for-sale retail storefront offering highly visible frontage along one of Spokane’s established commercial corridors. The property provides a recognizable presence on North Division Street with opportunities for prominent signage.
According to the available remarks, the site benefits from strong traffic counts and convenient access to downtown Spokane, Gonzaga University, and the North Spokane trade area. The property is positioned among national retailers and restaurants and is also surrounded by dense residential neighborhoods.
The offering includes approximately 7,040 square feet of retail space and is presented as a notable option for buyers or owner-operators seeking a committed retail position on a busy Spokane corridor.
According to the available remarks, the site benefits from strong traffic counts and convenient access to downtown Spokane, Gonzaga University, and the North Spokane trade area. The property is positioned among national retailers and restaurants and is also surrounded by dense residential neighborhoods.
The offering includes approximately 7,040 square feet of retail space and is presented as a notable option for buyers or owner-operators seeking a committed retail position on a busy Spokane corridor.
Key Highlights
- Retail storefront for sale on N Division St with prominent frontage on North Division Street
- Convenient access to downtown Spokane, Gonzaga University, and the North Spokane trade area
- Located along one of Spokane’s most established commercial corridors
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.0k | $16.20 |
| − Vacancy | −$9.7k | −$1.38 |
| EGI | $104.4k | $14.82 |
| − OpEx | −$31.3k | −$4.45 |
| NOI | $73.0k | $10.38 |
7,040 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$913.1K – $1.22M
NOI $73,048 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,142 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - For sale retail storefront on N Division St with prominent frontage and convenient access to downtown Spokane.
Where is this storefront property located?
The property is located at 3112 N Division St Spokane, WA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Retail storefront for sale on N Division St with prominent frontage on North Division Street; Convenient access to downtown Spokane, Gonzaga University, and the North Spokane trade area; Located along one of Spokane’s most established commercial corridors
