1001 25Th AveSpokane, WA 99203

  • Turn key restaurants
  • 4,612 SF
For Lease
$18/SF/YR View listing

Property Details for 1001 25Th Ave

Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.16 AC
Property size (Sq ft)
4,612 SF
Property type
Turn key restaurants
APN
35303.2801
APU
353032801

Description

This exceptional retail space, located at 1001 W 25th Ave in Spokane County, presents a fantastic opportunity for a discerning business owner. The property boasts a total building size of 4,568 square feet, with 1,150 square feet currently available for lease. This single-tenant space is situated on a 0.16-acre lot and is part of a building constructed in 1928, offering a blend of character and modern functionality. The property's excellent South Hill location provides high visibility and accessibility, attracting a substantial customer base. Ample paved parking is available, ensuring convenient access for both customers and employees. The space is ideal for a variety of retail uses, offering a unique opportunity to establish a thriving business in a desirable area. The property's location within Spokane County offers easy access to major transportation routes and a strong local economy. This is a rare opportunity to secure a well-positioned retail space in a thriving community. The 1,150 square feet of vacant space provides a blank canvas for your business vision, allowing for customization to meet your specific needs. Don't miss this chance to secure a prime retail location in South Hill.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,044,165
    6.5%
    $1,886,922
    7%
    $1,752,142
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,477,978
    Geo Method
    $2,477,978
  • Alternative Use

    Use
    Valuation
    Residential
    $1,591,689
    Hospitality
    $1,457,979
    Educational
    $1,213,021
    Medical
    $1,254,739
    Retail
    $1,886,922
1001 25Th Ave, Spokane, Washington

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.6315
Longitude
-117.427
CBSA code
44060
CBSA name
SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,519
$96,850
$570,500
$667,350
-
$96,850
$570,500
$667,350

FAQs

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