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    3020 29Th Ave Spokane, WA 99223

    Sponsored
    For Lease
    $19 SF/Yr ($6,012 /Mo)

    Former Jack in the Box, High Visibility

    Lot size:
    3,644 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,644 square foot retail storefront, formerly a Jack in the Box restaurant, presents a unique investment opportunity in Spokane, Washington. Located at 3020 E 29th Ave, 99223, this single-tenant property sits on a sizable 0.712-acre lot and is zoned CC2-DC. The entire building is currently vacant, offering immediate occupancy for a new tenant. The property boasts high visibility and excellent street frontage, making it ideal for a variety of retail uses. The current lease sublease agreement expires June 30, 2029, with the possibility of extending the lease term through negotiation with the current landlord. The asking rent is $6,000 per month. This property's prime location and ample space make it an attractive proposition for businesses seeking a strong foothold in the Spokane market. The substantial lot size offers potential for expansion or additional development, subject to city approvals. This is a rare opportunity to acquire a well-situated, sizable retail space in a thriving Spokane neighborhood. Serious inquiries are encouraged.

    Property Features for 3020 29Th Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,644 SF
    Total Rate
    6012.6

    Unit(s) available at that property

    Space
    Available Space 01
    Size
    3,644 SF
    Rate per SF
    $19

    HighLights

    • High‑visibility location adjacent to Lincoln Heights Shopping Center and Trader Joe's.
    • Strong retail market in Spokane's South Hill area.
    • Situated on Spokane's South Hill's main retail thoroughfare.
    • Prime corner lot at the intersection of 29th and Fiske.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fresh Air Duct ... Cleaners

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.3663299
    Latitude
    47.6279449

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    FAQs

    What type of property is this?
    Individual retail property - Former Jack in the Box, High Visibility
    Where is this individual retail property located?
    The property is located at 3020 29Th Ave Spokane, WA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location adjacent to Lincoln Heights Shopping Center and Trader Joe's.; Strong retail market in Spokane's South Hill area.; Situated on Spokane's South Hill's main retail thoroughfare.
    Request Owner's contact information
    3020 29Th Ave Spokane, WA 99223
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    Spokane, WA 99223
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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
    3020 29Th Ave Spokane, WA 99223
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