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    115 College Ave Cheney, WA 99004

    For Lease
    $14 SF/Yr ($5,845 /Mo)

    Prime Cheney location, 5,010 sq ft.

    Lot size:
    5,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 115 College Ave in Cheney, WA 99004, presents a unique investment opportunity. The single-tenant building, boasting 5,010 square feet on a 2,500 square foot lot, is ideally suited for a variety of uses, including restaurants, coffee shops, or ice cream parlors, as suggested by its zoning designation as Downtown Commercial. Originally constructed in 1890 and renovated in 1957, the building offers a blend of historical charm and updated functionality. The property's APN is 13131.2302. Situated in the Cheney submarket, this location provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a thriving community presence. The property's prime location within the downtown commercial zone ensures high foot traffic and exposure to a diverse customer base. This is a rare chance to acquire a well-positioned retail space in a desirable Washington town. The building's size and layout offer ample space for a variety of retail concepts, providing flexibility for potential tenants. Don't miss this opportunity to own a piece of Cheney's vibrant commercial landscape.

    Property Features for 115 College Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,010 SF
    Total Rate
    5845

    Building Details

    Year Built/Renovated
    1890/1957
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    2,005 SF
    Rate per SF
    $14

    HighLights

    • 5,010 SF single‑tenant retail building on a 2,500 SF lot in Cheney, WA.
    • Downtown Commercial zoning, suitable for restaurants, coffee shops, or similar uses.
    • High visibility and accessibility in a thriving downtown location with high foot traffic.
    • Walking distance to shops, restaurants, salons, coffee shops, and Eastern Washington University (EWU) campus.
    • Includes additional outdoor space with street seating.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.5754591
    Latitude
    47.487999

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    FAQs

    What type of property is this?
    Restaurant - Prime Cheney location, 5,010 sq ft.
    Where is this restaurant located?
    The property is located at 115 College Ave Cheney, WA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 5,010 SF single-tenant retail building on a 2,500 SF lot in Cheney, WA.; Downtown Commercial zoning, suitable for restaurants, coffee shops, or similar uses.; High visibility and accessibility in a thriving downtown location with high foot traffic.
    Request Owner's contact information
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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
    115 College Ave Cheney, WA 99004
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