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    706 2Nd St Cheney, WA 99004

    For Sale
    $550,000

    Prime Cheney location, high potential.

    Property size:
    5,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This 5,292 sq ft mixed-use building in Cheney, WA, presents a fantastic investment opportunity. Located just blocks from Eastern Washington University, this single-story property sits on a 10,000 sq ft lot and offers ample parking (10+ spaces). Previously used as fraternity housing and large group housing, it boasts potential for commercial office space. The main floor features a large dining hall, a spacious common/meeting area, and a kitchen equipped with commercial appliances (dishwasher, gas range, refrigerator). Abundant shelving and storage are also available. Heating is provided by four gas furnaces, and three water heaters serve the property. While the 13 bedrooms lack closets, four are on the main floor, one with an exterior door suitable for office use. Two bathrooms, one upstairs and one in the basement, offer multiple fixtures. The basement also houses a laundry room with hookups for two washers and dryers. The asking price is $550,000 ($103.93/sq ft). APN: 13131.1608.

    Property Features for 706 2Nd St

    General Information

    Property type
    Day care centers
    Square Feet
    5,292 SF

    Building Details

    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.57459955606
    Latitude
    47.489436237089

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    FAQs

    What type of property is this?
    Day care center - Prime Cheney location, high potential.
    Where is this day care center located?
    The property is located at 706 2Nd St Cheney, WA.
    What is the asking price?
    The asking price for this property is $550,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    706 2Nd St Cheney, WA 99004
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