809 1st St Cheney, WA 99004-1703
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.
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.