Current Use by Public Records
- Picture Peddler / Photography Service / (Bike/Boat/Book/etc) Store
Property Details for 40212 Newport Hwy
- Property type
- Warehouses
- Property subtype
- Office Spaces
Description
This exceptional 9,098-square-foot warehouse, located at 40212 N Newport Hwy in Elk, Washington, presents a compelling investment or owner-occupied opportunity. The property boasts a prime location on a major commercial thoroughfare (Newport Hwy) experiencing over 12,000 average daily traffic counts, ensuring excellent visibility and accessibility. Strategically situated between Spokane, WA and Sandpoint, ID, this warehouse offers significant advantages for businesses seeking a central location. The building itself comprises a 7,898 square foot main warehouse area complemented by a 1,200 square foot mezzanine office space, totaling 9,098 square feet. Features include open and private office areas, dedicated warehouse space, and sales/showroom areas, providing versatility for various business needs. The warehouse is equipped with a 13'6" dock-high door and a 10' bay door, facilitating efficient shipping and receiving. Ample storage space is available, enhanced by existing racking systems. The building benefits from heating and insulation, and is currently in good condition. The asking price is $675,000, translating to $87.38 per square foot. The property's vacant status presents an immediate opportunity for customization and expansion to suit specific business requirements, offering potential for significant value appreciation through improvements and development. This is a rare chance to acquire a well-located, functional warehouse in a thriving area. The property is classified as Class C and is currently vacant.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elk
- County
- Spokane
- State
- Washington
- Longitude
- -117.349
- Latitude
- 48.0206
