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Property profile & analytics
FOR LEASE
Retail properties & Spaces

3020 E 29Th Ave Spokane, WA 99223

1,248 SF 0.57 ac lot Built 1981
Trust Owned 17-yr Hold Free & Clear
Property ID
US90-3306788
Property summary
AI-generated overview

This exceptional 3,644 square foot retail storefront, formerly a Jack in the Box restaurant, presents a unique investment opportunity in Spokane, Washington. Located at 3020 E 29th Ave, 99223, this single-tenant property sits on a sizable 0.712-acre lot and is zoned CC2-DC. The entire building is currently vacant, offering immediate occupancy for a new tenant. The property boasts high visibility and excellent street frontage, making it ideal for a variety of retail uses. The current lease sublease agreement expires June 30, 2029, with the possibility of extending the lease term through negotiation with the current landlord. The asking rent is $6,000 per month. This property's prime location and ample space make it an attractive proposition for businesses seeking a strong foothold in the Spokane market. The substantial lot size offers potential for expansion or additional development, subject to city approvals. This is a rare opportunity to acquire a well-situated, sizable retail space in a thriving Spokane neighborhood. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1981
Total area 1,248 SF
Lot 0.57 ac (24,800 SF)
APN 35342.0435
UPID US90-3306788
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
Current use
Occupant on record · Public records
  • Fresh Air Duct Cleaning (Bike/Boat/Book/etc) Store
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
Chan Gordon Marital Trust · 17 yrs held
Chan Gordon Marital Trust
since 2009
4 recorded transactions
2009
$1.9M
2007
$1.2M
2005
Price N/A
2005
$2.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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