3020 29Th AveSpokane, WA 99223

Property Details for 3020 29Th Ave

Year built

1981

Lot size

0.57 AC

Property size (Sq ft)

1,248 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

35342.0435

APU

353420435

Description

This exceptional 3,644 square foot retail storefront, formerly a Jack in the Box restaurant, presents a unique investment opportunity in Spokane, Washington. Located at 3020 E 29th Ave, 99223, this single-tenant property sits on a sizable 0.712-acre lot and is zoned CC2-DC. The entire building is currently vacant, offering immediate occupancy for a new tenant. The property boasts high visibility and excellent street frontage, making it ideal for a variety of retail uses. The current lease sublease agreement expires June 30, 2029, with the possibility of extending the lease term through negotiation with the current landlord. The asking rent is $6,000 per month. This property's prime location and ample space make it an attractive proposition for businesses seeking a strong foothold in the Spokane market. The substantial lot size offers potential for expansion or additional development, subject to city approvals. This is a rare opportunity to acquire a well-situated, sizable retail space in a thriving Spokane neighborhood. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $553,148

  6.5%

  $510,598

  7%

  $474,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $670,537

  Geo Method

  $670,537

• Alternative Use

  Use

  Valuation

  Residential

  $430,709

  Hospitality

  $394,527

  Educational

  $328,242

  Medical

  $339,530

  Retail

  $510,598

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6279

Longitude

-117.366

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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