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4211 Westwood Ave Chattaroy, WA 99003

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For Sale
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6,400 SF Multi-Tenant Retail Building

Property size:
6,400 SF

Property Features for 4211 Westwood Ave

General Information

Property type
Individual retail properties
Square Feet
6,400 SF
Lot Size
103,237 SF

Building Details

Year Built
1982

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Listing Contact
John Powers
John Powers

Listing Agency: Black Commercial, Inc. Listing Agent: John Powers

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Exceptional investment opportunity in Chattaroy, WA, featuring a 6,400 square foot multi-tenant retail building situated on a generous 2.37-acre lot. Currently housing Whiskey Glasses Restaurant and Bar and Sienna Studio Salon, both under new five-year NNN leases with 3% annual rent increases, this property boasts a strong 100% occupancy rate and a current NOI of $61,800, translating to a 6.87% cap rate. The asking price is $899,000, or $140.47 per square foot. Built in 1982, the property benefits from a high-traffic location just off Highway 2 and features a large pylon sign for excellent visibility. Deed restrictions ensure no future development of convenience stores, gas stations, or coffee drive-thrus, protecting the long-term value of the investment. This is a rare opportunity to acquire a well-positioned, multi-tenant retail property with significant upside potential in a desirable location. The property's size and location offer considerable flexibility for future growth and development. The existing tenants provide a stable income stream, making this an attractive investment for both seasoned and new investors.
Property Profile Location Intelligence

Current Use by Public Records

Bars

Suggested Use

Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Showroom Bar & Pub Plumbing Service Nursing Home Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Chattaroy
County
Spokane
State
Washington
Longitude
-117.34974026
Latitude
47.91398411

FAQs

What type of property is this?
Individual retail property - 6,400 SF Multi-Tenant Retail Building
Where is this individual retail property located?
The property is located at 4211 Westwood Ave Chattaroy, WA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 6,400 SF multi-tenant retail building on 2.37 acres in Chattaroy, WA.; 100% occupancy with Whiskey Glasses & Sienna Studio under new 5-year NNN leases (3% annual increases).; $899,000 asking price ($140.47/SF), $61,800 NOI (6.87% cap rate).
(509) 622-3563 Call to check price and availability
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