2103 Division St, Spokane, WA 99207-2262
This exceptional 5,949 square foot retail shopping center, located at 2103 & 2111 North Division Street in Spokane, Washington, presents a lucrative investment opportunity. The property boasts a strong net operating income (NOI) of $52,293 and is offered at an asking price of $1,350,000, translating to $226.93 per square foot. Situated on a sizable 23,060 square foot lot, the multi-tenant property is zoned General Commercial - 70 (GC-70), allowing for a variety of commercial uses. The four-bay strip center benefits from high visibility and accessibility due to its prime location on North Division Street. A key feature is the end-cap unit, which includes a drive-thru, enhancing its appeal to potential tenants and increasing its overall value. The property's strong performance and desirable location make it an ideal addition to any investment portfolio. The Assessor's Parcel Numbers (APN) are 35074.1703 and 35074.1702. This is a rare opportunity to acquire a well-established retail center in a thriving Spokane market.
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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
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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.