2218 1St StCheney, WA 99004

Property Details for 2218 1St St

Year built

1990

Lot size

0.93 AC

Property size (Sq ft)

4,736 SF

Property type

Auto shops

APN

13121.1403

APU

131211403

Description

This well-established Cheney, WA auto body shop, operating for over 35 years, presents a unique opportunity for acquisition or lease. The property, located at 2218 1st St, Cheney, WA 99004, encompasses a substantial 4,736 square foot building situated on a 0.92-acre lot. Constructed in 1990 and renovated in 1992, the two-story building offers ample space for all aspects of a thriving auto body business. The sale or lease includes all equipment and the existing business, providing a turnkey operation ready for immediate revenue generation. This family-owned and operated business enjoys a strong reputation within the community and benefits from the growing demand for auto body services in the greater Spokane area and its surrounding suburbs. The property's location offers excellent visibility and accessibility, contributing to the business's consistent success. This is a rare opportunity to acquire a profitable, established business with significant growth potential. All aspects of the business, including the building, equipment, and established clientele, are included in the asking price. The property is zoned for retail use and is a single-tenant occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,418,609

  6.5%

  $1,309,485

  7%

  $1,215,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,544,602

  Geo Method

  $2,544,602

• Alternative Use

  Use

  Valuation

  Residential

  $1,104,600

  Hospitality

  $1,011,807

  Educational

  $841,812

  Medical

  $870,763

  Retail

  $1,309,485

Location Insight

City

Cheney

County

Spokane

State

Washington

Latitude

47.5006

Longitude

-117.566

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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