5901 Sprague AveSpokane Valley, WA 99212

Property Details for 5901 Sprague Ave

Year built

1964

Lot size

1.28 AC

Property size (Sq ft)

5,888 SF

Property type

Automotive properties

APN

35133.2403

APU

351332403

Description

This exceptional 6,027 square foot flex space, situated on a 5.45-acre lot in Spokane County, presents a unique investment opportunity. Built in 1964, the single-story building features one suite and boasts five grade-level loading doors, perfect for efficient loading and unloading. The property includes a paved, lighted sales yard with signage, providing ample space for inventory storage and customer access. The building's 3-phase power ensures sufficient electrical capacity for various business needs. Zoned for Regional Commercial use, this property offers significant versatility. The spacious 67,927 square foot yard provides additional storage or expansion potential, and is available for lease separately or together with the main building. The property's prime location at the intersection of Sprague and Fancher avenues offers excellent visibility and accessibility. The asking rent is $9,438 per month, triple net (NNN). The APN is 35133.2403. This property is perfect for a business requiring both indoor and outdoor space, offering a blend of retail, industrial, and storage capabilities. Don't miss this chance to acquire a well-located, versatile commercial property in a thriving Spokane County market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,547,885

  6.5%

  $1,428,817

  7%

  $1,326,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,163,559

  Geo Method

  $3,163,559

• Alternative Use

  Use

  Valuation

  Residential

  $1,205,260

  Hospitality

  $1,104,012

  Educational

  $918,525

  Medical

  $950,114

  Retail

  $1,428,817

Location Insight

City

Spokane Valley

County

Spokane

State

Washington

Latitude

47.6574

Longitude

-117.325

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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