For Sale
$455,900

116 Nora Ave Spokane, WA 99207

Prime Spokane Location, High ROI

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 3,338 square foot commercial building, situated on a 0.02-acre lot in Spokane, WA (99207), presents a compelling investment opportunity. Originally constructed in 1932 and extensively renovated in 2019, the property boasts a desirable 6.93% cap rate and a strong net operating income (NOI) of $31,600. Currently vacant, this single-story building offers versatile space ideal for a variety of businesses. The layout includes a large open area perfect for retail or reception, four private offices, space for cubicles, a kitchen, and a dining area. Six parking spaces are available on-site, supplemented by ample street parking. The property features updated flooring, paint, and a new furnace. Zoned for commercial use, this building is conveniently located in a high-traffic area, making it an excellent choice for businesses seeking high visibility and accessibility. The asking price is $455,900, translating to $136.58 per square foot. The property's APN is 35083.2105. This is a rare opportunity to acquire a well-maintained, centrally located commercial property with significant upside potential.

Highlights

  • 3,338 SF commercial building on a 0.02-acre lot in Spokane, WA (99207).
  • 6.93% cap rate and $31,600 NOI.
  • Currently vacant, single-story building with versatile space ideal for various businesses.
  • Features four private offices, open area, kitchen, dining area, and six on-site parking spaces.
  • Updated flooring, paint, and furnace; zoned for commercial use in a high-traffic area.
  • Asking price: $455,900 ($136.58/SF); APN: 35083.2105.

Property Details for 116 Nora Ave

Property type
Specialty properties, Land
Square Feet
3,338 SF
Year Built/Renovated
1932/2019
Stories
1
Lot Size (sq. ft)
871 SF

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.6736571
Longitude
-117.4088792

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FAQs

What type of property is this?
Specialty property - Prime Spokane Location, High ROI
Where is the specialty property located?
The property is located at 116 Nora Ave Spokane, WA.
What is the asking price?
The asking price for this property is $455,900.
What are key features of this property?
This property features: 3,338 SF commercial building on a 0.02-acre lot in Spokane, WA (99207).; 6.93% cap rate and $31,600 NOI.; Currently vacant, single-story building with versatile space ideal for various businesses.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Julene Whorley
Julene Whorley
Julene Harden
Julene Harden
Visit Broker Website

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Useful Information

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Nora Ave
Spokane, WA 99207

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Nora Ave
Spokane, WA 99207

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

116 Nora Ave
  • Julene Whorley
    Julene Whorley
  • Julene Harden
    Julene Harden
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