6302 Division StSpokane, WA 99208

  • Retail space
  • 11,955 SF
For Lease
$27.50/SF/YR View listing

Property Details for 6302 Division St

Year built
1992
Lot size
0.81 AC
Property size (Sq ft)
11,955 SF
Property type
Retail space
APN
36293.0024
APU
362930024

Description

This exceptional 12,000 square foot retail strip center is ideally situated at the high-traffic corner of E. Francis Ave. and N. Division St. in Spokane, Washington (99208), Spokane County. Boasting a prime location with excellent visibility, this property offers five available retail spaces, perfect for a variety of businesses. Suite sizes range from a minimum of 1,500 square feet to a maximum of 6,000 contiguous square feet, with the possibility of dividing larger spaces to meet specific tenant needs. The property features ample on-site parking for customer convenience. The high traffic count of 41,000 ADT at the intersection ensures significant exposure for your business. This is a truly exceptional opportunity to establish or expand your retail presence in one of Spokane's best retail locations. The property is classified as a multi-tenant retail strip center and offers flexible lease terms to accommodate various business requirements. Each suite is individually metered for utilities. Don't miss this chance to secure your space in this thriving commercial area. Contact us today to learn more about leasing opportunities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,875,184
    6.5%
    $2,654,016
    7%
    $2,464,444
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,423,292
    Geo Method
    $6,423,292
  • Alternative Use

    Use
    Valuation
    Residential
    $2,238,762
    Hospitality
    $2,050,694
    Educational
    $1,706,153
    Medical
    $1,764,831
    Retail
    $2,654,016

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.7155
Longitude
-117.411
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
$29,410
$1,105,630
$1,909,400
$3,015,030
-
$1,105,630
$1,909,400
$3,015,030

FAQs

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