630 Shannon AveSpokane, WA 99205

Property Details for 630 Shannon Ave

Year built

1914

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

5,055 SF

Property type

Retail space

APN

35074.2607

APU

350742607

Description

This exceptional commercial property, located at 630 W Shannon Ave in Spokane, WA, presents a unique investment opportunity. The building boasts a total of 5,055 square feet situated on a 0.14-acre lot. The layout is ideal for a variety of businesses, featuring approximately 3,750 square feet of warehouse space, perfectly suited for storage or light manufacturing. In addition, there is approximately 1,305 square feet of office space, providing ample room for administrative functions. The office area has recently undergone renovations, including the installation of new luxury vinyl plank (LVP) flooring and fresh paint, creating a modern and professional atmosphere. Three overhead doors, measuring 10x10, 11x11, and 11x12 feet, ensure easy access for loading and unloading of goods. This property's combination of warehouse and office space, coupled with its recent upgrades, makes it an attractive option for a wide range of commercial enterprises. The convenient Spokane location adds to its appeal. This is a prime opportunity to acquire a well-maintained and versatile commercial space in a desirable location. The asking price is $550,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,215,730

  6.5%

  $1,122,213

  7%

  $1,042,055

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,715,997

  Geo Method

  $2,715,997

• Alternative Use

  Use

  Valuation

  Residential

  $946,628

  Hospitality

  $867,107

  Educational

  $721,422

  Medical

  $746,233

  Retail

  $1,122,213

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6761

Longitude

-117.422

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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