300 Un Ave Newport, WA 99156-9675
This exceptional freestanding retail building, located at 300 S Union Ave in Newport, Washington, presents a unique investment opportunity. Boasting approximately 4,100 square feet of available space, this property is situated on a sizable 22,216 square foot lot (approximately 0.51 acres). Constructed in 1990, the building benefits from a newer HVAC system, ensuring year-round comfort. The property includes convenient features such as one 8' x 7' overhead door, perfect for loading and unloading, and ample parking with 10 stalls. The location on Union Avenue offers excellent visibility and accessibility, with an estimated average daily traffic count of approximately 4,450 vehicles. The lease rate is $12.00 per square foot, triple net (NNN), with additional NNN expenses of $2.00 per square foot. This property is ideal for a variety of retail businesses seeking a prominent presence in a thriving community within Pend Oreille County. The building's single-tenant structure offers flexibility and control, while the ample lot size provides potential for expansion or outdoor display areas. Don't miss this chance to secure a prime retail space in a high-traffic location.
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.