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115 College Ave Cheney, WA 99004

Retail properties & Spaces Google Maps
5,010 SF Built 1890
Estimated value
No estimation on file for this property yet.
Property ID US90-0637483

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 1890
Total area 5,010 SF
UPID US90-0637483

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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