209 1St StSprague, WA 99032

Property Details for 209 1St St

Year built

1955

Lot size

0.06 AC

Property size (Sq ft)

1,000 SF

Property type

Office properties

APN

701013004000

APU

701013004000

Description

This 1,000 square foot commercial building, located at 209 W 1st St in Sprague, WA, presents a unique opportunity for a savvy investor or entrepreneur. Situated on a zero lot line on the main street of this historic town, the property offers significant potential for redevelopment. County records indicate the building's approximate size is 1,000 square feet. Previously occupied by two separate businesses, the space is currently vacant and requires substantial rehabilitation. The building is being sold "as is" with its existing contents. Note that this is an estate sale and the property has been unoccupied for an extended period. The asking price is $55,000, making it an attractive entry point for those seeking an affordable commercial property in a charming, established community. The building's prime location on the main street offers excellent visibility and accessibility for any retail or commercial venture. Buyers should be prepared for significant renovation work to bring the property up to current standards. This is a chance to acquire a piece of Sprague's history and shape its future.

• CAP approach

  CAP return

  Valuation

  6%

  $203,767

  6.5%

  $188,092

  7%

  $174,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $213,210

  Geo Method

  $213,210

• Alternative Use

  Use

  Valuation

  Residential

  $233,235

  Hospitality

  $213,642

  Educational

  $177,747

  Medical

  $183,860

  Retail

  $276,496

Location Insight

City

Sprague

County

Lincoln

State

Washington

Latitude

47.2999

Longitude

-117.977

Property Tax & Assessments

FAQs

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