Industrially Zoned
New
For Sale
$360,000
3708 E Central Ave, Spokane, WA 99217
Commercial Sale, Spokane, WA
Property Size4,463 SF
Lot Size0.61 Acres
Price / SF$80.66
Days on Market2
Property Features for 3708 E Central Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Indus
Lot features
Level
Elementary school district
Spokane Dist 81
Directions
GPS is correct
Standard status
Active
APN
36341.1404
Lot size
0.61 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1973
Floors in Building
1
Building materials
Wood Siding
Roof type
Metal
Additional Structures
Workshop
Listing Agency:
Windermere Manito, LLC
(509) 747-1051
Listed By:
Joel Crosby
(509) 535-7400
Added: Oct 6
Last Checked: Oct 7 at 2:06PM
MLS# 202625428
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,463-square-foot warehouse occupies three lots totaling 26,600 square feet, or 0.61 acres. Built in 1973, the building has wood siding, a metal roof, and natural gas heating. The property is zoned Indus and is described as move-in ready.
The site is on the northeast side of Spokane at 3708 E Central Ave. Showings are by appointment.
The site is on the northeast side of Spokane at 3708 E Central Ave. Showings are by appointment.
Key Highlights
- 4,463‑square‑foot warehouse building
- Three lots totaling 26,600 square feet (0.61 acres)
- Indus zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,154
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,080
$583.1K
Cap Rate 7%
$416,486
$416.5K
Cap Rate 9%
$323,933
$323.9K
Market Conditions
NOI Build-Up for 4,463 SF
Gross rent
$38.0K $8.52/SF
− Vacancy
−$3.7K −$0.83/SF
EGI
$34.3K $7.69/SF
− OpEx
−$5.1K −$1.15/SF
NOI
$29.2K $6.53/SF
Area
Spokane, WA
Vacancy
9.80%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,080
Cap Rate 7%
$416,486
Cap Rate 9%
$323,933
Alternative Uses
Best Use
Warehouse
$416.5K
$364.4K – $485.9K
NOI $29,154 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
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.
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
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
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Similar Off Market Nearby
- Conseal Containers, LLC — 3811 E Queen Ave, Spokane, WA 99217
- Guardian Self Storage — 3727 E Queen Ave, Spokane, WA 99217
- The Armory — 3605 E Rowan Ave, Spokane, WA 99217
Frequently Asked Questions
What type of property is this?
Warehouse - A wood-sided warehouse with natural gas heating and a metal roof offers a functional industrial property.
Where is this warehouse 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 warehouse building; Three lots totaling 26,600 square feet (0.61 acres); Indus zoning
