3206 Division StSpokane, WA 99207

Property Details for 3206 Division St

Year built

1972

Construction

STEEL FRAME

Lot size

0.26 AC

Property size (Sq ft)

3,084 SF

Property type

Automotive properties

APN

35053.2910

APU

350532910

Description

This exceptional retail property, located at 3206 N Division St in Spokane, Washington, presents a unique investment opportunity. The 3,084 square foot building, constructed in 1972, boasts a prime location on Division Street, offering excellent visibility and accessibility. Currently vacant, this property is offered at $950,000, translating to $308.04 per square foot. The property's previous use was a car lot with a store room and four auto bays, suggesting potential for a variety of automotive-related businesses or adaptable retail ventures. The building has recently undergone updates and a fresh coat of paint, presenting a clean and ready-to-occupy space. The property is listed as a Net Net Net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. The Spokane County Assessor's Tax Parcel Number is 35053.2910. This property's strategic location and versatile layout make it an ideal investment for savvy entrepreneurs seeking a high-traffic, established area in Spokane, WA, zip code 99207. The property is categorized as both an auto shop and storefront, offering flexibility for various business models.

• CAP approach

  CAP return

  Valuation

  6%

  $921,106

  6.5%

  $850,252

  7%

  $789,519

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,657,000

  Geo Method

  $1,657,000

• Alternative Use

  Use

  Valuation

  Residential

  $717,219

  Hospitality

  $656,969

  Educational

  $546,590

  Medical

  $565,388

  Retail

  $850,252

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.688

Longitude

-117.411

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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