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Property profile & analytics
OFF-MARKET
Turn key restaurants

809 1st St Cheney, WA 99004-1703

6,264 SF 0.36 ac lot Built 1956
Entity Owned ~ Est. High Equity
Property ID
US90-0850194
Property summary
AI-generated overview

This exceptional 6,264 square foot retail property, located at 809 1st St in Cheney, WA 99004, presents a unique investment opportunity. Built in 1956, this building is zoned for retail use and boasts a prime location on one of Cheney's main streets. Previously utilized as a vendor mall, the property includes all restaurant fixtures, furniture, and equipment (FF&E) within the asking price of $425,000. The spacious layout offers significant potential for a variety of uses, including a restaurant, lounge, or vendor mall. A key feature is a large banquet room situated on the second floor, adding versatility and potential revenue streams. The property's size, at 6,264 square feet, translates to a price per square foot of $67.85. The tax ID number is 13131-3701. This property is situated in Spokane County and represents a strong investment in Cheney's growing market. Don't miss this chance to acquire a well-located, versatile commercial space with significant upside potential.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1956
Construction STEEL FRAME
Total area 6,264 SF
Lot 0.36 ac (15,840 SF)
APN 13131.3701
UPID US90-0850194
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
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Owner & transaction history
J V Grand LLC
J V Grand LLC
since 2026
Last sale
$200,000
7 recorded transactions
2026
$200,000
2024
$365,000
2023
Price N/A
2021
$440,000
2019
$360,858
2019
$205,001
1997
$310,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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