4211 Westwood Ave Chattaroy, WA 99003
- Retail properties
- 6,400 SF
- 2.37 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4211 Westwood Ave
- Year built
- 1982
- Lot size
- 2.37 lot acres
- Property size
- 6,400 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattaroy
- County
- Spokane
- State
- Washington
- Longitude
- -117.35
- Latitude
- 47.914
