22425 Appleway AveLiberty Lake, WA 99019

Property Details for 22425 Appleway Ave

Year built

1984

Lot size

23.08 AC

Property size (Sq ft)

181,476 SF

Property type

Office buildings

APN

55103.0203

APU

551030203

Description

This exceptional 89,948 square foot Liberty Lake office park, located at 22425 E Appleway Ave, Liberty Lake, WA 99019, presents a significant investment opportunity. The property offers flexible space options, with a minimum divisible unit of 4,948 square feet and a maximum contiguous space of 85,000 square feet. Currently, the entire 89,948 square feet is vacant, providing an ideal canvas for a single large tenant or multiple smaller businesses. The property is classified as Retail, Office, encompassing Executive Office, Commercial, and Traditional Office subtypes, catering to a diverse range of potential occupants. Situated in Spokane County, Washington, this location benefits from excellent accessibility and visibility. Ample parking is provided, with a ratio of 5.8 spaces per 1,000 square feet. The property's multiple tenancy designation allows for customized lease arrangements to suit various business needs. This presents a rare chance to acquire a substantial, fully vacant office complex in a desirable location, offering significant potential for immediate return on investment and long-term growth. The property's size and flexibility make it suitable for a wide range of commercial uses. Interested parties are encouraged to explore the possibilities this prime location offers.

• CAP approach

  CAP return

  Valuation

  6%

  $33,201,854

  6.5%

  $30,647,866

  7%

  $28,458,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $38,692,496

  Geo Method

  $38,692,496

• Alternative Use

  Use

  Valuation

  Residential

  $38,003,352

  Hospitality

  $34,810,868

  Educational

  $28,962,232

  Medical

  $29,958,288

  Retail

  $45,052,360

Location Insight

City

Liberty Lake

County

Spokane

State

Washington

Latitude

47.6739

Longitude

-117.104

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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