5306 Sunset HwySpokane, WA 99224

Property Details for 5306 Sunset Hwy

Year built

1951

Construction

STEEL FRAME

Lot size

0.40 AC

Property size (Sq ft)

2,427 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

25223.9027

APU

252239027

Description

This freestanding retail building, located at 5306 W Sunset Hwy in Spokane, Washington, 99224, offers 2,427 square feet of space on a 17,389 square foot lot. The property is zoned GC-70 and is situated in Spokane County. It's a single-tenant space, currently delivered as a vanilla shell, having recently undergone a complete remodel. The building enjoys exceptional visibility and accessibility, enhanced by ample parking and a prominent pole sign. Its strategic location between Airway Heights and Spokane makes it highly desirable for businesses seeking a prominent presence in a thriving area. The adaptable layout allows for customization to suit a variety of retail uses. This is a prime leasing opportunity for businesses seeking a functional and highly visible location with easy access and ample parking. The property's central location provides convenient access to a large customer base in both Spokane and Airway Heights. The GC-70 zoning provides flexibility for a range of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $726,977

  6.5%

  $671,056

  7%

  $623,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,304,001

  Geo Method

  $1,304,001

• Alternative Use

  Use

  Valuation

  Residential

  $566,061

  Hospitality

  $518,508

  Educational

  $431,393

  Medical

  $446,229

  Retail

  $671,056

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6433

Longitude

-117.488

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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