3125 Francis AveSpokane, WA 99208

Property Details for 3125 Francis Ave

Year built

1998

Lot size

1.06 AC

Property size (Sq ft)

12,780 SF

Property type

Retail space

APN

36273.1423

APU

362731423

Description

This exceptional investment opportunity presents a 12,780-square-foot retail shopping center in Spokane, Washington, anchored by O'Reilly Auto Parts. The property boasts 100% occupancy with two tenants, generating a strong net operating income (NOI) of $189,343 and a 4.30% cap rate. Priced at $4,400,000, this value-add asset offers significant upside potential. Situated on a 2.93-acre lot, it includes approximately 1.87 acres of additional developable land, allowing for future expansion or development. The property benefits from a prime location at the signalized intersection of major thoroughfares, boasting high traffic counts (24,400 ADT on Francis Ave; 18,600 ADT on Market St) and excellent visibility thanks to pylon signage. The surrounding area is densely populated, with 8,473 residents within one mile, 75,791 within three miles, and 194,311 within five miles. Built in 1998, the property is zoned Community Commercial (CC) and Neighborhood Commercial (NC), offering flexibility for future uses. The property's APN is 36273.1423, 36273.1413, and 36273.1414. This cash-flowing asset presents a compelling opportunity for investors seeking both immediate income and long-term growth.

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7153

Longitude

-117.365

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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