For Sale
$850,000

4610 Division StSpokane, WA 99207

High-yield retail strip center, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fully leased 5,000 square foot retail strip center located at 4610 N Division Street in Spokane, Washington. Built in 1989 and renovated in 2006, the property sits on a 0.27-acre lot (APN 35052.0413) and boasts a desirable location with high visibility and traffic. The center currently houses Body by Biju & Extra Beauty, ensuring a stable income stream. With 12 parking spaces available, customer convenience is prioritized. The property benefits from a strong traffic count of approximately 41,000 vehicles per day on Division Street. The zoning is designated GC-70. This NNN leased investment offers a compelling 6.27% cap rate, making it an attractive addition to any portfolio. The asking price is $850,000. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a thriving Spokane location. Serious inquiries only.

Highlights

  • NNN Leased Investment Opportunity with a 6.27% Cap Rate.
  • 5,000 square foot retail building on a 0.27-acre lot.
  • Fully leased to Body by Biju & Extra Beauty.
  • 12 parking spaces.
  • High traffic count of approximately 41,000 vehicles per day on Division Street.
  • GC-70 zoning.

Property Details for 4610 Division St

Property type
Neighborhood centers, Retail properties
Square Feet
5,000 SF
Year Built/Renovated
1989/2006
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.70006043691
Longitude
-117.41114063064
4610 Division St, Spokane, Washington

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4610 Division St
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