4 1st St, Cheney, WA 99004-1480
This exceptional Cheney, WA flex space presents a unique investment opportunity. Located at 4 1st Street, this 2,640 square foot industrial property sits on a 0.12-acre lot with convenient 1st Street frontage. Built in 1948, the single-story building features three roll-up doors, ideal for efficient loading and unloading. The property has a rich history, having housed Jarms Pump Service since 1972, a well-established business specializing in residential water pump installation and repair within the Spokane area. The 2023 gross sales for the business reached $649,000, demonstrating a strong and consistent revenue stream. The sale includes two service trucks, ready for immediate use. The current owner is retiring, presenting a seamless transition for a new operator. A steady pipeline of new business ensures continued success. All necessary electrical and water certifications are up-to-date. Note that an administrator's license is required for ownership and operation. This property offers significant potential for growth and expansion, making it an attractive investment for both seasoned entrepreneurs and first-time business owners. The asking price is $550,000. The property is located in Spokane County, WA, zip code 99004.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.