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    FOR LEASE
    Showrooms

    421 N Freya St, Spokane, WA 99202

    29,748 SF 1.77 ac lot Built 1950
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US90-1543774
    Property summary
    AI-generated overview

    This exceptional 44,200-square-foot warehouse, located at 421 N Freya St, presents a compelling investment opportunity. Built in 1950 and renovated in 2018, the property boasts a desirable heavy industrial (HI) zoning designation, allowing for a wide range of uses. The building features convenient dock-high doors and a secure fenced yard, enhancing operational efficiency and security. Ample parking is available both on Freya Street and west of the property. Beyond the main warehouse space, an additional approximately 6,000 square feet of basement space is included, offering significant extra storage or operational capacity. The total lot size encompasses approximately 77,250 square feet, providing ample room for expansion or outdoor activities. The property's central location offers easy access to major transportation routes and key business districts. The lease rate is $0.60 per square foot. The parcel number is 35153.1415. This property is a single-tenant building. This warehouse is ideal for businesses seeking a well-maintained, spacious facility in a prime industrial area. The combination of size, location, and features makes this an attractive option for a variety of industrial and potentially office uses.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1950
    Total area 29,748 SF
    Lot 1.77 ac (77,250 SF)
    APN 35153.1415
    UPID US90-1543774
    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
    • Elkay SSP LLC Factory Production Facility
    • Elkay Interior Systems (EIS) Spokane Manufacturing Facility Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $5.47M
    Comparable Approach Comparable
    $6.42M
    Blend (final) Blend
    $5.69M
    Owner & transaction history
    BELLA ROSE PROPERTIES INC
    BELLA ROSE PROPERTIES INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $7.4M +55.0%
    Medical building $7.1M +47.4%
    Restaurant $6.6M +37.4%
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    More about this property
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