11530 Sprague Ave, Spokane Valley, WA 99206
This exceptional retail investment opportunity is located on Sprague Avenue in Spokane County, encompassing a substantial 137,680 square foot lot. The property features a total of 25,800 square feet of building space, currently divided into multiple tenancies. A significant portion of the property is already occupied, with approximately 1,200 square feet of retail space currently available for lease. The existing buildings were constructed in phases, with portions dating back to 1974 and others completed in 1991. The flexible layout allows for a variety of retail uses, catering to diverse business needs. The high-traffic location on Sprague Avenue ensures excellent visibility and accessibility for potential tenants, making this an ideal investment for those seeking a strong return. The substantial lot size presents opportunities for future expansion or redevelopment, adding further value to this already impressive property. With a mix of existing tenants and readily available space, this property offers immediate income potential and long-term growth prospects. The 1,200 square feet of vacant space provides an immediate opportunity to secure a new tenant and increase revenue. This property is a rare find, combining established success with significant potential for future development. Don't miss this chance to acquire a prime retail center in a thriving Spokane County location.
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Spokane Community College - Spokane Valley College
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Institute For Extended Learning High School
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.