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    OFF-MARKET
    Retail properties & Spaces

    11530 Sprague Ave, Spokane Valley, WA 99206

    25,800 SF 137680 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 25,800 SF
    Lot 137680 ac (5,997,340,800 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Spokane Community College - Spokane Valley College
    • Institute For Extended Learning High School
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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