7115 Division StSpokane, WA 99208

Property Details for 7115 Division St

Year built

2002

Lot size

1.16 AC

Property size (Sq ft)

43,000 SF

Property type

Retail space

APN

36301.9048

APU

363019048

Description

This 7,024 square foot retail strip center, built in 2002, is located in Spokane County at 7115 N. Division St., Ste. B. Currently, one unit totaling 1,361 square feet is available for lease, offering immediate occupancy starting September 1, 2023. The property boasts excellent visibility and accessibility, situated on a high-traffic thoroughfare with a daily traffic count exceeding 44,400 vehicles. Ample parking is provided for customer convenience. The building features a pylon sign, providing excellent opportunities for branding and visibility. This is an ideal location for businesses seeking high exposure and a strong customer base. The single building comprises multiple tenancies, indicating a thriving retail environment. The available space presents a unique opportunity for businesses to establish a presence in a well-established and highly visible retail center. The property's location and features make it an attractive option for a variety of retail uses. Interested parties are encouraged to inquire for further details and leasing information.

• CAP approach

  CAP return

  Valuation

  6%

  $8,015,160

  6.5%

  $7,398,610

  7%

  $6,870,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,534,750

  Geo Method

  $9,534,750

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,390,000

  Mixed-Use / Specialty

  $7,387,620

  Hospitality / Lodging

  $5,440,080

  Office

  $7,359,750

  Institutional / Educational

  $7,685,640

  Residential Income

  $8,992,200

  Multifamily

  $10,699,500

  Automotive / Energy

  $6,587,690

  Parking / Income-Based Land

  $2,258,140

  Restaurant / Food Service

  $3,875,180

  Healthcare / Senior Housing

  $7,560,090

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7231

Longitude

-117.412

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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