7015 Argonne RdSpokane, WA 99217

Property Details for 7015 Argonne Rd

Year built

2005

Lot size

1.53 AC

Property size (Sq ft)

722 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

46293.9098

APU

462939098

Description

This exceptional 722-square-foot retail space, currently operating as a successful coffee shop, presents a unique investment opportunity in Spokane, Washington. Located at 7015 N Argonne Rd, Spokane, WA 99217, in Spokane County, this single-tenancy property boasts a prime location at a busy intersection. The coffee shop benefits from a beautiful landscape, ample parking, and a convenient drive-thru, enhancing customer accessibility and convenience. The business has enjoyed a successful track record for several years, establishing a loyal customer base. Its strategic placement next to Sweet Gardens Nursery provides additional foot traffic and exposure. Existing coffee shop equipment may be available for purchase, offering a seamless transition for a new owner. This turnkey operation is ready for a new chapter, offering immediate income potential and a well-established foundation for continued success. The property is situated at 47.720415246552406 latitude and -117.28274294952433 longitude. This is a rare opportunity to acquire a thriving business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $215,642

  6.5%

  $199,054

  7%

  $184,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $387,923

  Geo Method

  $387,923

• Alternative Use

  Use

  Valuation

  Residential

  $167,909

  Hospitality

  $153,804

  Educational

  $127,963

  Medical

  $132,364

  Retail

  $199,054

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7201

Longitude

-117.283

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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