6821 Division StSpokane, WA 99208

Property Details for 6821 Division St

Year built

1949

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 AC

Property size (Sq ft)

4,160 SF

Property type

Retail properties

Property subtype

Retail space

APN

36304.1601

APU

363041601

Description

This exceptional investment opportunity encompasses two parcels totaling ±0.34 acres located at 6821 N Division St and 6822 N Atlantic St in Spokane, WA, 99208. The combined property offers flexible space ranging from 2,340 to 4,200 square feet, currently vacant and ready for immediate occupancy. With a desirable double corner lot location boasting Division Street frontage, this property presents endless possibilities for redevelopment or owner-user occupancy. The asking price is $700,000, translating to $118.50 per square foot. The property is zoned for retail and industrial uses, making it suitable for a wide range of businesses. APN numbers are 36304.1601 and 36304.1619. The lease type is NNN. This property is an excellent choice for investors seeking a strong return or businesses looking for a strategic location with high visibility. The large lot size provides ample space for expansion or future development. Don't miss this chance to acquire a versatile and well-positioned property in a thriving Spokane market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,000,482

  6.5%

  $923,522

  7%

  $857,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,235,123

  Geo Method

  $2,235,123

• Alternative Use

  Use

  Valuation

  Residential

  $779,026

  Hospitality

  $713,583

  Educational

  $593,693

  Medical

  $614,111

  Retail

  $923,522

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7203

Longitude

-117.412

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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