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Property profile & analytics
FOR SALE
Auto shops

704 W 1St Ave Ritzville, WA 99169

1,500 SF 0.79 ac lot Built 1947
Entity Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US90-1983152
Property summary
AI-generated overview

This expansive commercial property, located at 704 W 1st Avenue in Ritzville, Washington, presents a significant investment opportunity. Situated on five contiguous lots, this substantial building offers considerable versatility and high potential for a variety of commercial uses. Currently configured and utilized as a contracting base and swap meet venue, the property's adaptability allows for a wide range of future applications. Its strategic location next to a grocery store ensures high visibility and convenient access for customers and employees. The building's size (exact square footage not provided) provides ample space for expansion or subdivision, catering to diverse business needs. The five-lot configuration offers significant potential for future development or expansion of existing operations. This property is priced at $500,000 and represents a rare chance to acquire a substantial commercial asset in a thriving community. Further details regarding the building's specifications and layout are available upon request. Serious inquiries only. This is a unique opportunity to acquire a substantial commercial property in a prime location. Don't miss out on this exceptional investment prospect.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,500 SF
Lot 0.79 ac (34,250 SF)
APN 1-935-23-056-4801
UPID US90-1983152
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
  • Ritzville Swap Meet (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ritzville Trading Co LLC · 18 yrs held
Ritzville Trading Co LLC
since 2007
1 recorded transaction
2007
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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