Automotive Shop on Three
For Sale
$360,000
3708 E Central Ave, Spokane, WA 99217
Industrial zoning and a move-in-ready building support an automotive property on Spokane’s northeast side.
Property Size4,463 SF
Lot Size0.61 Acres
Price / SF$80.66
Days on Market23
Property Features for 3708 E Central Ave
General Information
Standard status
Active
Size
4,463 SF
Lot size
0.61 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Hillyard
Additional Details
Real Estate Included
Yes
Building Details
Year Built
1973
Buildings
1
Stories
1
Listing Agency:
Windermere Manito, LLC
(509) 747-1051
Listed By:
Joel Crosby
(509) 991-2312
Source:
Ericksrealty
Added: Oct 6
Changed: Oct 26
Last Checked: Oct 26 at 3:45AM
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 Windermere Manito, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property includes a 4,463-square-foot building on three lots totaling 26,600 square feet. Built in 1973, the building is described as move-in ready, with industrial zoning noted for the site.
The property is at 3708 E Central Ave on the northeast side of Spokane. Showings are by appointment.
The property is at 3708 E Central Ave on the northeast side of Spokane. Showings are by appointment.
Key Highlights
- 4,463‑square‑foot building
- 26,600 square feet of land across three lots
- Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,967
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,340
$519.3K
Cap Rate 7%
$370,957
$371.0K
Cap Rate 9%
$288,522
$288.5K
Market Conditions
NOI Build-Up for 4,463 SF
Gross rent
$39.6K $8.88/SF
− Vacancy
−$2.5K −$0.57/SF
EGI
$37.1K $8.31/SF
− OpEx
−$11.1K −$2.49/SF
NOI
$26.0K $5.82/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,340
Cap Rate 7%
$370,957
Cap Rate 9%
$288,522
Alternative Uses
Best Use
Retail
$661.6K
$578.9K – $771.8K
NOI $46,309 @ 7.0% cap · market cap 12.86%
Second Best
Industrial
$371.0K
$324.6K – $432.8K
NOI $25,967 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,602 @ 7.0% cap · market cap 22.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99217, WA
19,298
Population
8,166
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
51.4 sq mi
ZIP Area
375
Density / Sq Mi
$71,807
Median Household Income
$43,267
Median Earnings
$1,267
Median Rent
$329,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- American Muffler & Brake Co — 4824 N Market St, Spokane, WA 99217
- A & T Brake Supply — 4724 N Market St, Spokane, WA 99217
- Northwest customs and collision LLC — 3901 E Wellesley Ave, Spokane, WA 99217
- Precision ADAS — 4622 N Rebecca St, Spokane, WA 99217
- River City Towing — 3927 E Wellesley Ave, Spokane, WA 99217
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial zoning and a move-in-ready building support an automotive property on Spokane’s northeast side.
Where is this auto shop located?
The property is located at 3708 E Central Ave Spokane, WA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 4,463‑square‑foot building; 26,600 square feet of land across three lots; Industrial zoning
