4610 Division StSpokane, WA 99207

Property Details for 4610 Division St

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.27 AC

Property size (Sq ft)

5,187 SF

Property type

Retail properties

Property subtype

Retail space

APN

35052.0413

APU

350520413

Description

This exceptional investment opportunity presents a fully leased 5,000 square foot retail strip center located at 4610 N Division Street in Spokane, Washington. Built in 1989 and renovated in 2006, the property sits on a 0.27-acre lot (APN 35052.0413) and boasts a desirable location with high visibility and traffic. The center currently houses Body by Biju & Extra Beauty, ensuring a stable income stream. With 12 parking spaces available, customer convenience is prioritized. The property benefits from a strong traffic count of approximately 41,000 vehicles per day on Division Street. The zoning is designated GC-70. This NNN leased investment offers a compelling 6.27% cap rate, making it an attractive addition to any portfolio. The asking price is $850,000. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a thriving Spokane location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,549,214

  6.5%

  $1,430,044

  7%

  $1,327,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,786,919

  Geo Method

  $2,786,919

• Alternative Use

  Use

  Valuation

  Residential

  $1,206,296

  Hospitality

  $1,104,960

  Educational

  $919,314

  Medical

  $950,930

  Retail

  $1,430,044

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7001

Longitude

-117.411

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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