209 1st St Sprague, WA 99032
This 1,000 square foot commercial building, located at 209 W 1st St in Sprague, WA, presents a unique opportunity for a savvy investor or entrepreneur. Situated on a zero lot line on the main street of this historic town, the property offers significant potential for redevelopment. County records indicate the building's approximate size is 1,000 square feet. Previously occupied by two separate businesses, the space is currently vacant and requires substantial rehabilitation. The building is being sold "as is" with its existing contents. Note that this is an estate sale and the property has been unoccupied for an extended period. The asking price is $55,000, making it an attractive entry point for those seeking an affordable commercial property in a charming, established community. The building's prime location on the main street offers excellent visibility and accessibility for any retail or commercial venture. Buyers should be prepared for significant renovation work to bring the property up to current standards. This is a chance to acquire a piece of Sprague's history and shape its future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.