1705 2Nd St Cheney, WA 99004
This exceptional value-add opportunity presents a vacant, two-story, 2,606 square foot convenience store located at 1705 2nd St, Cheney, WA 99004. The property sits on a 0.21-acre lot in Spokane County and is priced at $700,000, translating to $268.61 per square foot. The building, constructed in 2024, boasts a Class C rating and is currently vacant, presenting a blank canvas for a new owner. The layout includes retail space on the ground floor and vacant office space on the second floor. This property enjoys a highly visible location on a major thoroughfare, offering significant potential for growth and return on investment. The building consists of one structure with two stories. Owner financing and lease-to-own options may be available, making this an attractive proposition for various investment strategies. This is a rare chance to acquire a well-situated property with substantial upside in a thriving market. The property's recent renovation in 2024 ensures modern amenities and reduced upfront maintenance costs. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.