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    FOR SALE
    Warehouses

    4230 E Mission Ave, Spokane, WA 99202

    7,080 SF 0.26 ac lot Built 1951
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US90-3321813
    Property summary
    AI-generated overview

    This exceptional 7,199 square foot flex space, located at 4230 E Mission Ave in Spokane, WA 99202, presents a unique investment opportunity. Situated on a 11,237 square foot lot (APN 35151.0101), this single-building property boasts a convenient location on the border of Spokane and Spokane Valley. Originally constructed in 1951, the property underwent a comprehensive renovation in 2022, resulting in significant upgrades. These improvements include new LED warehouse lighting, updated office carpeting, a new storefront with siding and glass, and paved on-site parking. The property features a grade-level overhead door, providing easy access for loading and unloading. The permitted zoning is industrial, offering versatility for a range of uses. The asking price is $995,000, translating to $138.21 per square foot. This centrally located property offers a blend of office and warehouse space, making it ideal for businesses seeking a functional and updated workspace. Don't miss this chance to acquire a well-maintained and strategically positioned industrial flex space in a thriving Spokane location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1951
    Construction STEEL FRAME
    Total area 7,080 SF
    Lot 0.26 ac (11,237 SF)
    APN 35151.0101
    UPID US90-3321813
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $585k
    CAP Approach CAP
    $710k
    Comparable Approach Comparable
    $549k
    Blend (final) Blend
    $660k
    Owner & transaction history
    Multigen Invesments LLC · 4 yrs held
    Multigen Invesments LLC
    since 2022
    Last sale
    $687,500
    5 recorded transactions
    2022
    $687,500
    2017
    2007
    $375,000
    2004
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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