9405 E Sprague Ave Spokane Valley, WA 99206
For Lease
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This 7,142 square foot retail strip center, located at 9405 E Sprague Ave in Spokane Valley, WA 99206, presents a compelling investment opportunity. Built in 1974 and renovated in 1979, the property boasts two suites, with one currently vacant, offering 2,508 square feet of immediate potential. The available space measures 1,190 square feet, ideal for a variety of retail uses. The property sits on a 12,768 square foot lot and provides ample parking with a ratio of 7.1 spaces per 100 square feet. The property's location on Sprague Avenue in Spokane Valley offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The property's APN is 45173.1520. This is a rare opportunity to acquire a well-located retail property in a thriving Spokane Valley market. The existing tenant occupies the remaining space. The property's solid construction and history suggest a stable investment with potential for significant returns. The vacant suite presents a chance to customize the space to meet the needs of a new tenant, further enhancing the property's value. This is an excellent opportunity for investors seeking a strong retail presence in a desirable location.
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Gifted Hands Salon and Supply Hair Salon
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Spokane Valley Licensing, Inc. Law Firm
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Bedard & Associates Insurance Agency
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U-Haul Neighborhood Dealer Car Rental Facility
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P for Protection Building Supply General Contractor
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.