Property profile

806 E 2Nd Ave Spokane, WA 99202

FOR LEASE
Outlet malls
Property ID
US90-2892122
197 SF 0.33 ac lot Built 1961
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant, 8,471-square-foot warehouse situated on a substantial 14,200-square-foot lot in Spokane, Washington. The property, located at 806 E 2nd Ave, 99202, is zoned General Commercial (GC), offering significant flexibility for a variety of uses. The asking price is $1,295,000, translating to a price per square foot of $152.87. The property consists of three parcels, identified by APN numbers 35201.2513, 35201.2409, and 35201.1412. This presents a prime chance to acquire a well-located industrial property in a thriving Spokane market. The building is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's specific needs. The property's size and zoning provide ample opportunity for expansion or redevelopment. This is a NNN lease type property. Serious investors should act quickly to secure this promising asset. The property's strategic location in Spokane offers easy access to major transportation routes, enhancing its logistical appeal. This is a rare opportunity to acquire a substantial warehouse property in a desirable location at a competitive price.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1961
Total area 197 SF
Lot 0.33 ac (14,200 SF)
APN 35201.2513
UPID US90-2892122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service

Location

806 E 2Nd Ave Spokane, WA 99202
Spokane metro Census 14500 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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