34 Wellesley AveSpokane, WA 99207

Property Details for 34 Wellesley Ave

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

4,186 SF

Property type

Office properties

Property subtype

Office buildings

APN

35052.0403

APU

350520403

Description

This exceptional retail property at 34-36 E Wellesley Ave, Spokane, WA 99207, offers a total of 4,186 square feet of commercial space in Spokane County. The property is configured as two separate units: a 1,200 square foot unit and a 2,986 square foot unit, providing flexibility for a variety of business needs. Its single-tenant occupancy allows for complete control and customization. Located in a high-traffic area of Spokane, this property benefits from excellent visibility and accessibility, making it an ideal location for businesses seeking a strong presence in the Spokane market. The property's central location within Spokane offers convenient access to major transportation routes, amenities, and a thriving customer base. This presents a unique opportunity for businesses seeking a dynamic and vibrant workspace in a bustling area of Spokane. The ample square footage allows for diverse layouts and configurations to suit various business operations. This property is ready for immediate occupancy and offers a chance to establish a successful business in a prime Spokane location. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $850,505

  6.5%

  $785,082

  7%

  $729,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $892,497

  Geo Method

  $892,497

• Alternative Use

  Use

  Valuation

  Residential

  $973,502

  Hospitality

  $891,722

  Educational

  $741,902

  Medical

  $767,418

  Retail

  $1,154,070

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7005

Longitude

-117.41

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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