4 1St StCheney, WA 99004

Property Details for 4 1St St

Year built

1948

Lot size

0.12 AC

Property size (Sq ft)

1,800 SF

Property type

Auto shops

APN

13133.0107

APU

131330107

Description

This exceptional Cheney, WA flex space presents a unique investment opportunity. Located at 4 1st Street, this 2,640 square foot industrial property sits on a 0.12-acre lot with convenient 1st Street frontage. Built in 1948, the single-story building features three roll-up doors, ideal for efficient loading and unloading. The property has a rich history, having housed Jarms Pump Service since 1972, a well-established business specializing in residential water pump installation and repair within the Spokane area. The 2023 gross sales for the business reached $649,000, demonstrating a strong and consistent revenue stream. The sale includes two service trucks, ready for immediate use. The current owner is retiring, presenting a seamless transition for a new operator. A steady pipeline of new business ensures continued success. All necessary electrical and water certifications are up-to-date. Note that an administrator's license is required for ownership and operation. This property offers significant potential for growth and expansion, making it an attractive investment for both seasoned entrepreneurs and first-time business owners. The asking price is $550,000. The property is located in Spokane County, WA, zip code 99004.

• CAP approach

  CAP return

  Valuation

  6%

  $539,167

  6.5%

  $497,693

  7%

  $462,143

• Comparable approach

  Method

  Valuation

  Relative Method

  $967,121

  Geo Method

  $967,121

• Alternative Use

  Use

  Valuation

  Residential

  $419,822

  Hospitality

  $384,555

  Educational

  $319,945

  Medical

  $330,949

  Retail

  $497,693

Location Insight

City

Cheney

County

Spokane

State

Washington

Latitude

47.4844

Longitude

-117.579

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].