706 1St St Cheney, WA 99004
- Retail space
- 7,084 SF
- 0.21 lot acres
Current Use by Public Records
- Retail space
Property Details for 706 1St St
- Year built
- 1954
- Lot size
- 0.21 lot acres
- Property size
- 7,084 SF
- Property type
- Retail space
- APN
- 13131.2511
- APU
- 131312511
Description
This exceptional commercial property, located at 706 1st Street in Cheney, Washington, presents a unique investment opportunity. The 7,500 square foot building, constructed in 1954, sits on a 0.21-acre lot and is zoned G1 Downtown Core. The property features a traditional office layout spread across two stories within a single building. Currently, there is 4,500 square feet of retail/office space available for lease, ideal for a variety of businesses. Its prime location at the corner of 1st and C Streets offers excellent visibility and accessibility. The property's proximity to Eastern Washington University (EWU) campus makes it particularly attractive to businesses catering to students and faculty. The APN is 13131.2511. This versatile space offers a blend of historical charm and modern functionality, making it an excellent choice for businesses seeking a prominent presence in the heart of Cheney's vibrant downtown area. The multiple tenancy structure allows for flexibility in leasing arrangements. This is a rare opportunity to acquire a well-situated commercial property in a growing community. The property's size and location provide significant potential for future growth and profitability. The building's age presents an opportunity for renovation and modernization to further enhance its value and appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cheney
- County
- Spokane
- State
- Washington
- Longitude
- -117.574
- Latitude
- 47.4892
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
