Heavy Industrial Multi-Building
707 N FREYA ST Spokane, WA 99202
For Sale
Contact for pricing
Corner-lot industrial yard with strong daily traffic, fenced access, and multiple grade-level doors for heavy-use operations.
Property Size6,416 SF
Lot Size1.36 Acres
Price / SF$159.76
Days on Market58
Property Features for 707 N FREYA ST
General Information
- Standard status
- Active
- Size
- 6,416 SF
- Lot size
- 1.36 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1962
Listing Agency:
Coldwell Banker Commercial
Listed By:
Barb Pielli · License #WA- B41414
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 24 at 2:56PM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
The property consists of approximately 6,416 SF of total building area across three separate buildings, connected by a covered breezeway between building #1 and building #2. The site offers a configuration with three bays, including two pass-through bays, and eight grade-level overhead doors. 3-phase power is available, and the fully fenced grounds include two roll-gate entrances designed to support secure, heavy industrial activity.
Located on a prominent corner lot just north of Sprague Avenue on Freya Street, the site benefits from outstanding visibility with strong daily traffic counts of approximately 30,397 vehicles per day. Exposure is further enhanced by two income-producing Lamar billboard signs located on the property. The property spans approximately 1.364 acres across two parcels (35153.0302 & 35155.0307).
Designed for heavy industrial tenants and operators, the space is suitable for warehouse and distribution, manufacturing and fabrication, equipment sales, storage and repair services, and industrial service businesses. The site can also accommodate contractor yards, construction material storage, wholesale operations, and outdoor storage. Additional described potential uses include heavy equipment and vehicle repair, railroad-related operations, and utility or infrastructure facilities. Seller financing may be available for qualified buyers; contact the listing broker for terms and details.
Located on a prominent corner lot just north of Sprague Avenue on Freya Street, the site benefits from outstanding visibility with strong daily traffic counts of approximately 30,397 vehicles per day. Exposure is further enhanced by two income-producing Lamar billboard signs located on the property. The property spans approximately 1.364 acres across two parcels (35153.0302 & 35155.0307).
Designed for heavy industrial tenants and operators, the space is suitable for warehouse and distribution, manufacturing and fabrication, equipment sales, storage and repair services, and industrial service businesses. The site can also accommodate contractor yards, construction material storage, wholesale operations, and outdoor storage. Additional described potential uses include heavy equipment and vehicle repair, railroad-related operations, and utility or infrastructure facilities. Seller financing may be available for qualified buyers; contact the listing broker for terms and details.
Key Highlights
- Prominent corner‑lot industrial site on Freya St, just north of Sprague Ave, with approx. 30,397 vehicles/day daily traffic counts
- Two income‑producing Lamar billboard signs on‑site
- Industrial property includes approx. 6,416 SF total building area across three buildings with a covered breezeway between building #1 and #2
Financial Insights For Warehouse
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 | $54.7k | $8.52 |
| − Vacancy | −$5.4k | −$0.83 |
| EGI | $49.3k | $7.69 |
| − OpEx | −$7.4k | −$1.15 |
| NOI | $41.9k | $6.53 |
6,416 SF · lease $8.52/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$598.7K
$523.9K – $698.5K
NOI $41,911 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$533.3K
$466.6K – $622.2K
NOI $37,329 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,873 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Moran Fence
General Contractor
Similar Off Market Nearby
- Green Street Maxi Storage — 3129 E Sharp Ave, Spokane, WA 99202
- Nearby Storage Units - Spokane, WA — 3401 e sprague ave, spokane, wa 99202
- Boone Mini Storage — 3004 E Boone Ave, Spokane, WA 99202
- U-Pack — 400 N Sycamore St, Spokane, WA 99202
FAQs
What type of property is this?
Warehouse - Corner-lot industrial yard with strong daily traffic, fenced access, and multiple grade-level doors for heavy-use operations.
Where is this warehouse located?
The property is located at 707 N FREYA ST Spokane, WA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Prominent corner‑lot industrial site on Freya St, just north of Sprague Ave, with approx. 30,397 vehicles/day daily traffic counts; Two income‑producing Lamar billboard signs on‑site; Industrial property includes approx. 6,416 SF total building area across three buildings with a covered breezeway between building #1 and #2
