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    300 Union Ave Newport, WA 99156

    For Lease
    $12 SF/Yr

    Freestanding retail space, high traffic area.

    Lot size:
    4,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional freestanding retail building, located at 300 S Union Ave in Newport, Washington, presents a unique investment opportunity. Boasting approximately 4,100 square feet of available space, this property is situated on a sizable 22,216 square foot lot (approximately 0.51 acres). Constructed in 1990, the building benefits from a newer HVAC system, ensuring year-round comfort. The property includes convenient features such as one 8' x 7' overhead door, perfect for loading and unloading, and ample parking with 10 stalls. The location on Union Avenue offers excellent visibility and accessibility, with an estimated average daily traffic count of approximately 4,450 vehicles. The lease rate is $12.00 per square foot, triple net (NNN), with additional NNN expenses of $2.00 per square foot. This property is ideal for a variety of retail businesses seeking a prominent presence in a thriving community within Pend Oreille County. The building's single-tenant structure offers flexibility and control, while the ample lot size provides potential for expansion or outdoor display areas. Don't miss this chance to secure a prime retail space in a high-traffic location.

    Property Features for 300 Union Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,100 SF

    Building Details

    Year Built
    1990
    Buildings
    1

    Unit(s) available at that property

    Space
    RETAIL BLDG
    Size
    4,100 SF
    Rate per SF
    $12

    HighLights

    • 4,100 SF freestanding retail building on a 0.51‑acre lot in Newport, WA.
    • Located at 300 S Union Ave, with excellent visibility and high traffic counts (approx. 4,450 VPD).
    • Features a newer HVAC system, one 8' x 7' overhead door, and 10 parking stalls.
    • Lease rate: $12.00/SF, NNN, plus $2.00/SF NNN expenses.
    • Built in 1990.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Newport
    County
    Pend Oreille
    State
    Washington
    Longitude
    -117.04255424942
    Latitude
    48.178646185442

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    FAQs

    What type of property is this?
    Retail property - Freestanding retail space, high traffic area.
    Where is this retail property located?
    The property is located at 300 Union Ave Newport, WA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 4,100 SF freestanding retail building on a 0.51-acre lot in Newport, WA.; Located at 300 S Union Ave, with excellent visibility and high traffic counts (approx. 4,450 VPD).; Features a newer HVAC system, one 8' x 7' overhead door, and 10 parking stalls.
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    300 Union Ave Newport, WA 99156
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    Newport, WA 99156
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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
    300 Union Ave Newport, WA 99156
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