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    FOR LEASE
    Grocery and convenience stores

    28312 N Newport Hwy, Chattaroy, WA 99003

    3,000 SF 2.12 ac lot Built 1985
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US90-3331697
    28312 N Newport Hwy, Chattaroy, WA 99003 For Lease
    $700,000
    28312 N Newport Hwy, Chattaroy, WA 99003
    View Listing →
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 28312 N Newport Hwy in Chattaroy, WA 99003, presents a unique investment opportunity. The property boasts a generous 25,000 square feet of usable land, ideal for a variety of commercial ventures. With a total lot size of 92,347 square feet, there is ample space for development and expansion. The property is designated for single-tenant occupancy, offering a streamlined approach to leasing and management. Situated in Chattaroy, Washington, this location offers convenient access to key transportation routes and amenities, making it an attractive proposition for businesses seeking a strategic foothold in the region. The property's size and location make it suitable for a wide range of commercial uses, from light industrial to retail, subject to local zoning regulations. This is a blank canvas for your next commercial project. The latitude and longitude coordinates are 47.9146969, -117.3484676, allowing for easy location verification and mapping. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location. Serious inquiries are encouraged. The property is currently available for lease.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1985
    Total area 3,000 SF
    Lot 2.12 ac (92,347 SF)
    APN 38221.9031
    UPID US90-3331697
    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
    $825k
    CAP Approach CAP
    $475k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $700k
    Owner & transaction history
    Bawa Properties LLC · 6 yrs held
    Bawa Properties LLC
    since 2020
    Last sale
    $700,000
    6 recorded transactions
    2020
    2020
    $700,000
    2010
    $425,000
    2008
    2008
    $850,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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