706 2Nd St Cheney, WA 99004
This 5,292 sq ft mixed-use building in Cheney, WA, presents a fantastic investment opportunity. Located just blocks from Eastern Washington University, this single-story property sits on a 10,000 sq ft lot and offers ample parking (10+ spaces). Previously used as fraternity housing and large group housing, it boasts potential for commercial office space. The main floor features a large dining hall, a spacious common/meeting area, and a kitchen equipped with commercial appliances (dishwasher, gas range, refrigerator). Abundant shelving and storage are also available. Heating is provided by four gas furnaces, and three water heaters serve the property. While the 13 bedrooms lack closets, four are on the main floor, one with an exterior door suitable for office use. Two bathrooms, one upstairs and one in the basement, offer multiple fixtures. The basement also houses a laundry room with hookups for two washers and dryers. The asking price is $550,000 ($103.93/sq ft). APN: 13131.1608.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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