3820 Main AveSpokane, WA 99202

Property Details for 3820 Main Ave

Year built

1995

Construction

STEEL FRAME

Lot size

0.89 AC

Property size (Sq ft)

12,000 SF

Property type

Warehouses

APN

35154.4102

APU

351544102

Description

This exceptional investment opportunity presents a fully occupied, single-tenant industrial flex/warehouse building situated on a 0.89-acre lot in Spokane, Washington's central industrial district. The property, located at 3820 E Main Ave, Spokane, WA 99202, boasts 17,300 square feet of space across two stories, offering a compelling 4.09% cap rate at an asking price of $1,850,000 ($106.94/SF). Built in 1995 and renovated in 2007, the building features a 20' clear height warehouse, a gas-forced HVAC system, and a three-phase electrical system. The property is zoned for heavy industrial use and benefits from a strong tenant, ProSource of Spokane, a part of a large North American network, under a triple-net (NNN) lease expiring October 31, 2027, with a ten-year option. This represents a secure, long-term investment with a remaining lease term of approximately 2.9 years. The property's prime location at the southeast corner of Main Ave and Julia St provides excellent visibility and accessibility. The APN is 35154.4102. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $2,384,748

  Hospitality

  $2,184,417

  Educational

  $1,817,409

  Medical

  $1,879,913

  Retail

  $2,827,081

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6586

Longitude

-117.354

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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