207-221 Argonne RdSpokane Valley, WA 99212

Property Details for 207-221 Argonne Rd

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional Spokane Valley investment opportunity encompasses five parcels totaling 59,512± square feet of land at 207, 209 & 221 N Argonne Rd, situated on the Northwest corner of Main Ave & Argonne Rd. The property boasts significant frontage on both Argonne Rd (400± feet) and Main Ave (131± feet), experiencing high traffic volume (9,700± vehicles per day). The assemblage includes three income-producing properties: a 2,060± sq ft office building leased for $2,000/month (increasing to $2,400/month in year 3 of a 5-year lease), a 1,112± sq ft apartment rented month-to-month at $1,650/month, and an 860± sq ft single-family home leased month-to-month at $1,150/month (pro forma rent of $1,550/month). Additionally, two vacant lots totaling 13,622± sq ft provide significant development potential. The property is zoned Commercial Mixed Use (CMU) on approximately 1.2 acres and Single-Family Residential (R-4) on approximately 0.16 acres. The asking price for this rare valley development opportunity is $1,596,000. APN numbers are 45184.0915, 45184.0916, 45184.0917, 45184.0918, and 45184.0920.

Location Insight

City

Spokane Valley

County

Spokane

State

Washington

Latitude

47.6597

Longitude

-117.283

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