14024 Sprague AveSpokane Valley, WA 99216

Property Details for 14024 Sprague Ave

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.56 AC

Property size (Sq ft)

26,186 SF

Property type

Outlet malls

APN

45232.9153

APU

452329153

Description

This exceptional single-tenant retail property, located at 14024 E Sprague Ave in Spokane Valley, WA 99216, offers a substantial 26,186 square feet of space. Built in 1996, the building sits on a generous 2.56-acre lot and is zoned Corridor Mixed Use (CMU), providing significant flexibility for a variety of commercial uses. The property boasts ample shared parking, ensuring convenient access for customers and employees. The entire building is currently vacant, presenting a unique opportunity for a business seeking a large, well-located space. The property's Assessed Parcel Number (APN) is 45232.9153, and it's situated in Spokane County. This location offers high visibility and accessibility, making it an ideal choice for businesses seeking to establish a strong presence in the thriving Spokane Valley market. The property's size and zoning regulations offer a wide range of possibilities for a variety of commercial ventures. This is a rare opportunity to secure a significant retail space in a desirable location. Interested parties should act quickly to capitalize on this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $6,883,986

  6.5%

  $6,354,449

  7%

  $5,900,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,069,455

  Geo Method

  $14,069,455

• Alternative Use

  Use

  Valuation

  Residential

  $5,360,216

  Hospitality

  $4,909,928

  Educational

  $4,085,003

  Medical

  $4,225,492

  Retail

  $6,354,449

Location Insight

City

Spokane Valley

County

Spokane

State

Washington

Latitude

47.6561

Longitude

-117.215

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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