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Updated Retail Space with Signage
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706 1st St, Cheney, WA 99004

Two flexible commercial suites offer open layouts, on-site parking, and Downtown Commercial zoning.

Property SizeContact for details
Days on Market38

Property Features for 706 1st St

General Information

Standard status Active
Zoning Downtown Commercial

Additional Details

Road Access Yes

Building Details

Year Built 1954
Listing Agency: M J McAdams Realty
Listed By: Diana Stuart · License #91605
Source: Clemensregroup
Added: Jul 24 Changed: Aug 29 Last Checked: Aug 29 at 5:13PM

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 M J McAdams Realty

Investment Insights

Based on property information with market context.

This retail property at 706 1st St includes two commercial suites measuring approximately 2,000 square feet and 900 square feet. The spaces have been updated, brought up to code, and arranged with open floor plans that can be configured for retail, office, medical, professional service, showroom, community service, or restaurant use. Building signage and established street frontage support storefront identification.

The property sits in Historic Downtown Cheney, three blocks from Eastern Washington University, with more than 12 on-site parking spaces. Surrounding apartments contribute pedestrian activity, while Cheney Library and City Hall are next door. The site also provides access to the university, the Amazon Fulfillment Center, Fairchild Air Force Base, and Spokane. Built in 1954, the property is zoned Downtown Commercial.

Key Highlights

  • Two suites of approximately 2,000 sq. ft. and 900sq.ft.
  • Updated property brought up to code
  • Downtown Commercial zoning

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Dental Office Auto Repair Shop Building Supply Auto Parts 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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

415
Businesses Nearby

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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Two flexible commercial suites offer open layouts, on-site parking, and Downtown Commercial zoning.
Where is this retail space located?
The property is located at 706 1st St Cheney, WA.
What are key features of this property?
This property features: Two suites of approximately 2,000 sq. ft. and 900sq.ft.; Updated property brought up to code; Downtown Commercial zoning
More about this property
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