14711 Broadway AveSpokane Valley, WA 99216

Property Details for 14711 Broadway Ave

Year built

1998

Lot size

0.77 AC

Property size (Sq ft)

5,122 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

45141.9273

APU

451419273

Description

This exceptional single-story school building, located at 14711 E. Broadway Ave in Spokane Valley, WA 99216, presents a unique investment opportunity. Boasting 6,402 square feet of net rentable space on a 0.77-acre lot (APN 45141.9273), this property is ideally suited for continued use as a school or daycare. Constructed in 1998 and renovated in 2000, the building is in good condition and features a fully sprinklered system. The property also includes a secure, fenced playground area, enhancing its appeal for educational purposes. Currently vacant, the building is ready for immediate occupancy, starting October 21, 2024. The property is offered at an asking price of $949,000 with a triple net (NNN) lease type. Potential buyers or tenants should independently verify the conditional use permit with the City of Spokane Valley to confirm its suitability for school or daycare operations. This is a rare opportunity to acquire a well-maintained, ready-to-use school building in a desirable location. The single building is one story and sits on a sizable lot, offering ample space for expansion or outdoor activities. This property is being sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $895,385

  6.5%

  $826,509

  7%

  $767,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,255,871

  Geo Method

  $1,255,871

• Alternative Use

  Use

  Valuation

  Residential

  $1,048,462

  Hospitality

  $960,385

  Educational

  $799,029

  Medical

  $826,509

  Retail

  $1,242,935

Location Insight

City

Spokane Valley

County

Spokane

State

Washington

Latitude

47.6647

Longitude

-117.206

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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