2507 Wellesley AveSpokane, WA 99205

Property Details for 2507 Wellesley Ave

Year built

2001

Lot size

5.53 AC

Property size (Sq ft)

55,612 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

25012.0018

APU

250120018

Description

The Shadle Center, a 282,000 square foot retail strip center built in 2003, offers exceptional opportunities for businesses seeking prime Spokane, Washington locations. Currently, there are multiple spaces available, ranging from a minimum of 618 square feet to a maximum contiguous space of 2,000 square feet. A total of 2,000 square feet is currently vacant and ready for immediate occupancy. This vibrant shopping center benefits from a strong anchor tenant lineup, including Walmart, Safeway, Dollar Tree, and Rite Aid, creating a high-traffic environment and significant customer draw. The property is strategically located at 2507 W Wellesley Ave, Spokane, WA 99205, providing excellent visibility and accessibility. The center's design caters to a variety of retail uses, making it an ideal location for businesses seeking exposure to a large customer base. The property's location in Spokane, Washington offers a thriving market with a diverse population and strong economic indicators. This is a rare opportunity to secure retail space in a well-established and highly successful shopping center. Interested parties should inquire about available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $13,374,719

  6.5%

  $12,345,894

  7%

  $11,464,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,879,726

  Geo Method

  $29,879,726

• Alternative Use

  Use

  Valuation

  Residential

  $10,414,224

  Hospitality

  $9,539,373

  Educational

  $7,936,646

  Medical

  $8,209,600

  Retail

  $12,345,894

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6992

Longitude

-117.448

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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