4211 Westwood Ave Chattaroy, WA 99003
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6,400 SF Multi-Tenant Retail Building
Property size:
6,400 SFProperty 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
Listing Agency: Black Commercial, Inc. Listing Agent: John Powers
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Chattaroy
- County
- Spokane
- State
- Washington
- Longitude
- -117.34974026
- Latitude
- 47.91398411
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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).
