3203 57Th Ave Spokane, WA 99223
- Lifestyle centers
- 15,728 SF
Current Use by Public Records
- Cantina Cocktails / Bar
Property Details for 3203 57Th Ave
- Property size
- 15,728 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents the Moran Prairie Shopping Center, a fully leased retail property situated on Spokane's desirable upper South Hill. The center comprises two single-story buildings totaling 15,728 square feet, situated on a substantial 133,460 square foot lot. The property boasts a strong mix of national, regional, and local tenants, benefiting from a robust demographic profile with an average household income exceeding $142,045 within a two-mile radius. Its strategic location along 57th Avenue is considered highly appealing within Spokane County, further enhanced by ongoing commercial and residential development in the surrounding area, including recent projects like the Home Depot on 45th and Regal, and the Regal and Mister Car Wash on 43rd and Regal. The property's Mixed-Use zoning allows for versatile development options, including retail expansion, single-tenant development, office space, childcare facilities, convenience stores, and multifamily housing. This presents a unique chance to either expand the existing retail center or develop a new project on the available vacant land. The asking price is $4,950,000, translating to a price per square foot of $314.73. This property offers significant potential for both immediate income and future growth. The property is located at 3203 E 57th Avenue, 3209 E 57th Ave, and 3223 E 57th, Spokane, WA 99223.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.365
- Latitude
- 47.6022
