Cheney, WA
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    Cheney, WA Restaurants for Sale

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    Medical Lake, WA Spokane, WA Spangle, WA
    Updated Multifamily Near Eastern Washington
    $600,000
    5,284 SF

    Updated Multifamily Near Eastern Washington

    317 College Ave, Cheney, WA 99004

    Updated multifamily property near Eastern Washington University with commercial kitchen.

    • Prime location near Eastern Washington University campus, ideal for student rentals.
    • High rental income potential, currently $4000/month with room for increase, or higher ROI renting by the room.
    • Seller financing available with 25% down at 7% interest.
    • Fourteen bedrooms (12 upstairs, 2 on main level) offering significant occupancy potential.
    • Commercial kitchen with double oven, gas range, ample counter space, pantry, and serving window.
    Updated: Feb 13
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    Based on your search, we've compiled 33 Potential Opportunities for your consideration. Besides 1 Active listings in Cheney, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 24 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Established Restaurant in Downtown Spokane
    $365,000
    2,237 SF

    Established Restaurant in Downtown Spokane

    Turnkey restaurant for sale in a prime downtown location.

    409-415 W Main Ave, Spokane, WA
    View details
    NNN Zip’s Drive-In For Sale
    $2,057,142
    2,845 SF

    NNN Zip’s Drive-In For Sale

    Single-tenant NNN Zip’s Drive-In with over 14 years remaining on lease.

    12421 W Sunset Hwy, Airway Heights, WA 99001
    View details
    Turnkey Brewery with Taproom
    $85,000
    1,115 SF

    Turnkey Brewery with Taproom

    Fully operational brewery with taproom and outdoor courtyard for rent.

    154 S Madison, Spokane, WA
    View details
    Former Grocery Store with Potential
    $3,500,000
    49,410 SF

    Former Grocery Store with Potential

    Former grocery store with retail, restaurant, and bar potential.

    12825 W 14th Ave, Airway Heights, WA 99001
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Post Falls Commercial Lot
    $325,000
    1.22 Acres

    Post Falls Commercial Lot

    1.223 acre commercial lot in Post Falls Landing.

    L1B1 N Post Falls Landing, Post Falls, ID 83854
    View details
    Highway 41 Commercial Land Opportunity
    $958,320
    43,560 SF

    Highway 41 Commercial Land Opportunity

    Commercial land for sale in a high-growth area.

    4184 East Bogie Drive, Post Falls, ID 83854
    View details
    Coeur d'Alene Commercial Land
    $249,000
    0.14 Acres

    Coeur d'Alene Commercial Land

    Commercial land in Coeur d'Alene's Midtown near Marriott.

    Coeur D Alene, ID 83814
    View details
    Coeur d'Alene Land For Sale
    $1,795,000

    Coeur d'Alene Land For Sale

    Commercial land available on 4th Street in Coeur d'Alene.

    Coeur D Alene, ID 83814
    View details

    Off-Market Properties in Cheney, WA

    Consider similar Off-Market properties in Cheney, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    809 1st St
    RESTAURANT
    6,264 SF Lot: 0.36 Acres
    Value Estimation by Request

    809 1st St, Cheney, WA 99004-1703

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    406 1st St
    RESTAURANT
    4,400 SF Lot: 0.10 Acres
    Value Estimation by Request

    406 1st St, Cheney, WA 99004-5166

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    508 1st St
    RESTAURANT
    1,436 SF Lot: 0.05 Acres

    508 1st St, Cheney, WA 99004-1603

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    2630 1st St
    DRIVE-THRU RESTAURANT, FAST FOOD
    1,740 SF Lot: 0.28 Acres
    Estimated value
    $605,000

    2630 1st St, Cheney, WA 99004-2030

    View details
    2626 1st St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,108 SF Lot: 0.84 Acres
    Value Estimation by Request

    2626 1st St, Cheney, WA 99004-2030

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    317 1st St
    RESTAURANT
    4,000 SF Lot: 0.10 Acres
    Value Estimation by Request

    317 1st St, Cheney, WA 99004-1505

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    1204 1st St
    RESTAURANT
    1,256 SF Lot: 0.28 Acres
    Value Estimation by Request

    1204 1st St, Cheney, WA 99004-1802

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    48 Simpson Pkwy
    RESTAURANT
    424 SF Lot: 0.46 Acres
    Value Estimation by Request

    48 Simpson Pkwy, Cheney, WA 99004-2031

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    723 1st St
    RESTAURANT
    1,564 SF Lot: 0.26 Acres
    Value Estimation by Request

    723 1st St, Cheney, WA 99004-1701

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    321 1st St
    RESTAURANT
    4,000 SF Lot: 0.10 Acres
    Value Estimation by Request

    321 1st St, Cheney, WA 99004-1505

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    407 1st St
    BAR, TAVERN
    4,270 SF Lot: 0.05 Acres
    Value Estimation by Request

    407 1st St, Cheney, WA 99004-1601

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    405 1st St
    RESTAURANT
    2,270 SF Lot: 0.08 Acres
    Value Estimation by Request

    405 1st St, Cheney, WA 99004-1601

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    122 College Ave
    BAR, TAVERN
    3,500 SF Lot: 0.11 Acres
    Value Estimation by Request

    122 College Ave, Cheney, WA 99004-1621

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    24 1st St
    RESTAURANT
    1,500 SF Lot: 0.10 Acres
    Value Estimation by Request

    24 1st St, Cheney, WA 99004-1439

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    1011 1st St
    RESTAURANT
    6,000 SF Lot: 0.52 Acres
    Value Estimation by Request

    1011 1st St, Cheney, WA 99004-1707

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    505 2nd St
    RESTAURANT
    4,460 SF Lot: 0.27 Acres
    Value Estimation by Request

    505 2nd St, Cheney, WA 99004-1605

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    911 1st St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,950 SF Lot: 0.31 Acres
    Estimated value
    $545,000

    911 1st St, Cheney, WA 99004-1705

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    1106 1st St
    RESTAURANT
    2,352 SF Lot: 0.21 Acres
    Value Estimation by Request

    1106 1st St, Cheney, WA 99004-1710

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    115 College Ave
    Restaurants
    5,010 SF

    115 College Ave, Cheney, WA 99004

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    115 Betz Rd
    RESTAURANT
    420 SF Lot: 1.06 Acres
    Value Estimation by Request

    115 Betz Rd, Cheney, WA 99004-9630

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    2816 1st St
    DRIVE-THRU RESTAURANT, FAST FOOD
    3,527 SF Lot: 0.54 Acres
    Estimated value
    $635,000

    2816 1st St, Cheney, WA 99004-2003

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    412 1st St
    BAR, TAVERN
    1,600 SF Lot: 0.04 Acres
    Value Estimation by Request

    412 1st St, Cheney, WA 99004-1602

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    2324 1st St
    DRIVE-THRU RESTAURANT, FAST FOOD
    3,256 SF Lot: 1.12 Acres
    Value Estimation by Request

    2324 1st St, Cheney, WA 99004-2046

    View details

    Cheney, WA Restaurants Investment Opportunities Market Analysis

    Explore 25 restaurants for sale in Cheney, WA on our real estate platform. These investment opportunities span a total of 5,284 square feet of properties for sale, with an estimated market value of $600,000.

    Sale prices for restaurant properties in Cheney, WA start at $600,000, averaging $600,000, and reaching up to $600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Bars & Pubs 1
    Breakfast & diners 1
    Coffee shops 1
    Commercial kitchens 1
    Conventional restaurants 1

    Property Size Breakdown

    The majority of commercial real estate listings in Cheney fall within the 2,500 to 5,000 square foot range.

    Demographics Overview

    Population 22K
    Population Growth (5Y) +10.0%
    Median Household Income $62,014
    College Educated 49.8%

    High-Yield Neighborhoods for Investment

    Identify Cheney submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    99004 $600K

    Taxes & Financing

    Tax Rate (average for all types) 0.82%
    Property Tax per SF $9.07 per sq ft
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

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