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Property profile & analytics
OFF-MARKET Estimated value $1,415,000
Retail space

11402 Newport Hwy Spokane, WA 99218-1661

14,096 SF 1.19 ac lot Built 2013
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US90-2884844
Property summary
AI-generated overview

This exceptional restaurant opportunity is located at 11402 N Newport Hwy in Spokane, Washington, 99218, Spokane County. The property offers multiple suites within a storefront setting, ideal for a variety of food service businesses. Currently, there are 5,290 square feet of vacant space available, with individual suites ranging from a minimum of 1,645 square feet to a maximum contiguous space of 2,000 square feet. The total number of suites in the building is three. This prime location enjoys high visibility and convenient access to the North Spokane Corridor, placing it in close proximity to a number of key amenities and a significant population base. The property benefits from its strategic position just south of the new Costco on Highway 2, ensuring high traffic volume and excellent exposure. Furthermore, its proximity to Whitworth University, Northwood Middle School, Farwell Elementary School, and the YMCA provides a strong and diverse customer base. The abundance of nearby retail establishments further enhances the property's appeal and potential for success. This is a rare opportunity to establish or expand a restaurant business in a thriving and well-connected area of Spokane. The property's size and layout offer flexibility for various restaurant concepts. Contact us today to learn more about this exciting opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2013
Total area 14,096 SF
Lot 1.19 ac (51,999 SF)
APN 36084.9204
UPID US90-2884844
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Institute for Physical and Sports Therapy Medical Clinic
  • Mr. Charles Gallagher Physician
  • Brandon Cook - State Farm Insurance Agent Insurance Agency
  • Choice Family Primary Care & Urgent Care Medical Clinic
  • BTS Limited Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.42M
Owner & transaction history
Endurance Northwest LLC · 12 yrs held
Endurance Northwest LLC
since 2013
5 recorded transactions
2020
Price N/A
2019
Price N/A
2018
Price N/A
2013
Price N/A
2012
$325,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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