Specialty

Cheney, WA Specialty Properties for Sale

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Updated Historic Triplex
Updated: Feb 2
Updated Historic Triplex

323 5th St, Cheney, WA 99004

$410,000
3,008 sqft 0.17 AC lot
3,008‑square‑foot registered historic triplex on a 0.1722‑acre corner lot
Fully occupied property with three separately metered units
Directly across from Eastern Washington University with campus views
Recent improvements include a 2025 roof, exterior paint, interior paint, and new LVP flooring
Built in 1895 and zoned RMF
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Cheney, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Church Facility with Roll-Up Door
Church Facility with Roll-Up Door

1611 S Geiger Blvd, Spokane, WA 99224

$699,000
9,000 sqft 1.89 AC lot

Steel-frame church facility with adaptable interior space, electric heat, and warehouse-oriented access.

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Institutional Multi-Building Campus
Institutional Multi-Building Campus

3715 S Grove Rd, Spokane, WA 99224

$15,000,000
30.75 AC lot

Campus on 30.75 acres with administrative offices, retail operations, and broadcast facilities, zoned Light Industrial.

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Airway Heights NNN Investment Opportunity
Airway Heights NNN Investment Opportunity

12421 W Sunset Hwy, Airway Heights, WA 99001

$1,800,000

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

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Specialty Property
Specialty Property

1430 S Hayden Rd, Airway Heights, WA 99001

Contact for pricing
205,603 sqft

Specialty property totaling 205,603 square feet in Airway Heights, WA.

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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.

423 1st St
VETERINARY, ANIMAL HOSPITAL

423 1st St, Cheney, WA 99004-1475

Estimated value:
$260,000
3,725 sqft 0.73 AC lot
View details
7520 Thomas Mallen Rd
PROFESSIONAL CLUBS/ASSOCIATIONS

7520 Thomas Mallen Rd, Cheney, WA 99004-9685

Estimated value:
$400,000
3,888 sqft 17.32 AC lot
View details
706 2Nd St
Day care centers

706 2Nd St, Cheney, WA 99004

Estimated value:
No data
5,292 sqft
View details
923 Washington St
DAY CARE, PRE-SCHOOL

923 Washington St, Cheney, WA 99004-2466

Estimated value:
$675,000
14,276 sqft 1.57 AC lot
View details
1930 4th St
DAY CARE, PRE-SCHOOL

1930 4th St, Cheney, WA 99004-2066

Estimated value:
$410,000
5,440 sqft 0.48 AC lot
View details
1632 1st St
CREMATORIUM, MORTUARY

1632 1st St, Cheney, WA 99004-8800

Estimated value:
$240,000
5,144 sqft 4.03 AC lot
View details

Cheney, WA Specialty Properties Market Trends and Statistics

Explore 7 specialty properties for sale in Cheney, WA on our real estate platform. These investment opportunities span a total of 3,008 square feet of properties for sale, with an estimated market value of $410,000.

Sale prices for properties in Cheney, WA average $410,000 — 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

Commercial property segments ranked by active listings on the market

1031 exchange properties 1

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 average listing prices of real estate assets

Neighborhood Average Price
99004 $410K

Taxes & Financing

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

Listings Trend

New vs delisted commercial listings in Spokane County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Spokane County

Office

Residential Income

Property Size Breakdown

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

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