12519 Division StSpokane, WA 99218

Property Details for 12519 Division St

Year built

2003

Lot size

4.15 AC

Property size (Sq ft)

12,502 SF

Property type

Retail properties

Property subtype

Retail space

APN

36082.0802

APU

360820802

Description

Wandermere West presents a significant retail opportunity encompassing 51,855 square feet of completely vacant commercial space. This multi-tenant property is ideally suited for a variety of retail uses, offering substantial flexibility for a single large tenant or multiple smaller businesses. The expansive square footage allows for creative layout and design to accommodate diverse operational needs. The property's prime location (specific address not provided) presents excellent visibility and accessibility for customers. Given the entirely vacant status, this presents a unique chance to establish a brand-new retail presence or consolidate existing operations into a single, large, highly visible location. The sheer size of the space offers significant potential for high-volume retail operations, or the opportunity to subdivide and lease to multiple tenants. Interested parties are encouraged to inquire for further details regarding lease terms and conditions. This is a blank canvas for a visionary retail concept, offering unparalleled potential for growth and success in a desirable market. The property is ready for immediate occupancy, allowing for a swift and efficient transition to commence operations. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $3,170,825

  6.5%

  $2,926,916

  7%

  $2,717,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,717,190

  Geo Method

  $6,717,190

• Alternative Use

  Use

  Valuation

  Residential

  $2,468,963

  Hospitality

  $2,261,557

  Educational

  $1,881,589

  Medical

  $1,946,299

  Retail

  $2,926,916

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7714

Longitude

-117.405

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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