Property summary
This exceptional retail property, located at 115 College Ave in Cheney, WA 99004, presents a unique investment opportunity. The single-tenant building, boasting 5,010 square feet on a 2,500 square foot lot, is ideally suited for a variety of uses, including restaurants, coffee shops, or ice cream parlors, as suggested by its zoning designation as Downtown Commercial. Originally constructed in 1890 and renovated in 1957, the building offers a blend of historical charm and updated functionality. The property's APN is 13131.2302. Situated in the Cheney submarket, this location provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a thriving community presence. The property's prime location within the downtown commercial zone ensures high foot traffic and exposure to a diverse customer base. This is a rare chance to acquire a well-positioned retail space in a desirable Washington town. The building's size and layout offer ample space for a variety of retail concepts, providing flexibility for potential tenants. Don't miss this opportunity to own a piece of Cheney's vibrant commercial landscape.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Cheney market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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