130 Madelia StSpokane, WA 99202

Property Details for 130 Madelia St

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 AC

Property size (Sq ft)

3,298 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

35163.3202

APU

351633202

Description

This exceptional ±23,235 square foot industrial property, located at 130 N Madelia St in Spokane, WA, presents a unique investment opportunity. The three-story building, constructed in 1965 and 1969, sits on a 0.3-acre lot and is zoned for light industrial use. The property boasts a versatile layout, encompassing office showroom, manufacturing, and ample storage areas throughout. Convenient features include two loading docks, a freight elevator providing access to all three floors, and ten dedicated on-site parking spaces. The building also benefits from heavy power. Its central location between Sprague and Trent Avenues offers easy access to I-90, placing it within convenient reach of Spokane's University District and Central Business District. While the main building totals ±23,235 square feet, note that an additional ±940 square foot basement is not included in this figure. The asking price for this well-maintained industrial property is $1,550,000. The property's APN is 35163.3201 & 35163.3202. This is a rare opportunity to acquire a versatile and strategically located industrial property in a thriving Spokane market. The property's combination of office, manufacturing, and warehouse space makes it ideal for a variety of businesses. Don't miss this chance to own a piece of Spokane's industrial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $841,724

  6.5%

  $776,976

  7%

  $721,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,771,980

  Geo Method

  $1,771,980

• Alternative Use

  Use

  Valuation

  Residential

  $655,408

  Hospitality

  $600,351

  Educational

  $499,485

  Medical

  $516,663

  Retail

  $776,976

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.659

Longitude

-117.385

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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