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Property profile & analytics
FOR SALE
High-rise multifamily apartments

1705 2Nd St Cheney, WA 99004

2,606 SF 0.24 ac lot Built 1971
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-1640387
Property summary
AI-generated overview

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.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1971
Total area 2,606 SF
Lot 0.24 ac (10,539 SF)
APN 13124.4203
UPID US90-1640387
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Manoj Ka Kumar · 4 yrs held
Manoj Ka Kumar
since 2021
7 recorded transactions
2021
$412,000
2021
$1.3M
2018
Price N/A
2018
Price N/A
2016
$162,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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