For Sale
$1,350,000

2103 Division St Spokane, WA 99207

High-traffic retail center, excellent NOI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 5,949 square foot retail shopping center, located at 2103 & 2111 North Division Street in Spokane, Washington, presents a lucrative investment opportunity. The property boasts a strong net operating income (NOI) of $52,293 and is offered at an asking price of $1,350,000, translating to $226.93 per square foot. Situated on a sizable 23,060 square foot lot, the multi-tenant property is zoned General Commercial - 70 (GC-70), allowing for a variety of commercial uses. The four-bay strip center benefits from high visibility and accessibility due to its prime location on North Division Street. A key feature is the end-cap unit, which includes a drive-thru, enhancing its appeal to potential tenants and increasing its overall value. The property's strong performance and desirable location make it an ideal addition to any investment portfolio. The Assessor's Parcel Numbers (APN) are 35074.1703 and 35074.1702. This is a rare opportunity to acquire a well-established retail center in a thriving Spokane market.

Highlights

  • Four-bay retail strip center.
  • End-cap space includes a drive-thru.
  • High visibility on Division Street.

Property Details for 2103 Division St

Property type
Lifestyle centers, Power centers
Square Feet
5,949 SF

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.6769612
Longitude
-117.411727

FAQs

What type of property is this?
Lifestyle center - High-traffic retail center, excellent NOI.
Where is the lifestyle center located?
The property is located at 2103 Division St Spokane, WA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four-bay retail strip center.; End-cap space includes a drive-thru.; High visibility on Division Street.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2103 Division St
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