5320 E Sprague Ave, Spokane Valley, WA 99212
For Lease
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This exceptional retail space, Suite 200, totaling 1,620 square feet, is available for lease starting March 1, 2025. Located at 5320 E Sprague Ave in Spokane Valley, WA 99212, this property benefits from its prime location within a high-traffic area boasting 22,700 cars per day on Sprague Avenue. The building itself is 19,780 square feet and was constructed in 1968. Currently, 14,620 square feet are vacant, presenting a unique opportunity for a business seeking significant space. The property features convenient access to and from Interstate 90, providing excellent visibility and accessibility. Ample parking is available with 44 parking stalls. The property sits on a sizable lot of approximately 44,000 square feet. This location offers exceptional synergy with established national retailers, including Home Depot, Lowe's, Costco, Walmart, Starbucks, and Panda Express, creating a strong retail environment and attracting significant foot traffic. The property's APN is 358231.1511, and it is situated in Spokane County. This is an ideal opportunity for a business seeking high visibility and a strong customer base in a thriving retail corridor.
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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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.