417 3Rd AveSpokane, WA 99202

Property Details for 417 3Rd Ave

Year built

1973

Construction

STEEL FRAME

Lot size

0.17 AC

Property size (Sq ft)

2,428 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

35202.2609

APU

352022609

Description

This thriving Spokane, WA deli and German market presents a unique investment opportunity. Located at 417 E 3rd Ave, 99202, this 2,400+ square foot business boasts an impeccably maintained space, showcasing imported German delicacies and authentic meats from German producers. The current owner-operator has cultivated a loyal customer base, providing a solid foundation for continued success and expansion. The business benefits from convenient on-site parking, prominent pylon signage ensuring high visibility, and excellent traffic flow, making it ideally situated for delivery services throughout Spokane. The asking price is $195,000. This turnkey operation offers a blend of established clientele and significant growth potential within a desirable Spokane location. The business is categorized as "Business Only," meaning the sale includes the business assets and operations, not the building itself. The property's prime location in Spokane County, Washington, offers easy access to major transportation routes and a dense population base. This presents a compelling opportunity for an experienced entrepreneur or investor seeking a profitable and established business in a vibrant market. The business's strong reputation and loyal customer base, combined with its strategic location and ample growth potential, make this a truly exceptional investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $619,680

  6.5%

  $572,013

  7%

  $531,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,304,538

  Geo Method

  $1,304,538

• Alternative Use

  Use

  Valuation

  Residential

  $482,514

  Hospitality

  $441,980

  Educational

  $367,722

  Medical

  $380,369

  Retail

  $572,013

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6539

Longitude

-117.404

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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