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3220 Division St Spokane, WA 99207-1945

OFF-MARKET Retail space Google Maps
3,330 SF 0.26 ac lot Built 1947
Individually Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$360k
Range $324k – $396k (±10%)
Property ID US90-1507823

Property summary

AI-generated overview

This exceptional retail property, located at 3220 N Division St in Spokane, Washington, offers 3,300 square feet of space in a single-tenant building. Situated on a prominent corner lot at the intersection of Division Street and Bridgeport Avenue, this location benefits from significant daily traffic counts: 47,500 vehicles on Division Street and 2,900 on Bridgeport Avenue. The property sits on a substantial 11,095 square foot lot and includes 12 paved parking spaces for customer convenience. Built in 1947, the building is zoned GC, offering flexibility for a variety of retail uses. This is a rare opportunity to acquire a well-located retail space in a high-traffic area of Spokane, providing excellent visibility and accessibility for any business. The property's size and ample parking make it ideal for a range of retail ventures. The substantial lot size also presents potential for future expansion or development, subject to applicable zoning regulations. This property is ready for immediate occupancy and presents a strong investment opportunity in a thriving Spokane commercial district. The zip code is 99207.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,330 SF
Lot 0.26 ac (11,507 SF)
APN 35053.2909
UPID US90-1507823

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2016
$600,000
2003
Price N/A
2000
$335,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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