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26692543
26692544

4630 E Sprague Ave, Spokane, WA 99212 For Sale

Kiemle  HaGood
Kiemle  HaGood
Listed by Kiemle HaGood
$5,200,000
325 days on market
Updated 74 days ago

4630 E Sprague

Details
APN 35232.0501
Property Type Retail
Sub Type Storefront
Square Footage 35,640
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 0.51%
Pro-Forma NOI $26,674
Price per SqFt $146
Year Renovated 2006
Buildings 1
Stories 1
Zoning Corridor Mixed Use
Investment Type Net Lease

Retail | 35,640 SqFt

Marketing description

4630 E. Sprague Ave., Spokane, WA 99212 Exceptional owner-user and investment opportunity on Spokane’s high-visibility Sprague Avenue corridor. Located at the southwest corner of Sprague Ave. and Custer Rd., this ±35,640 SF concrete tilt commercial property sits on ±1.82 acres and offers immediate access to I-90, surrounded by major national retailers including Walmart, Costco, Lowe’s, and Home Depot. The property features a versatile CMU (Corridor Mixed Use) zoning designation, allowing for retail, showroom, warehouse, wholesale, sales and service, light manufacturing, and assembly uses. A rare ±15,000 SF vacancy provides ideal owner-user space or lease-up upside, complemented by two in-place tenants for existing income. Built in 1991 and remodeled in 2006, the building includes 18’11” to 19’4” clear heights, dock and grade loading, 3-phase power, HVAC with separately metered suites, ESFR sprinklered, and shared parking. The available suite offers an open layout well-suited for retail, showroom, distribution, or flex occupancy. Offered at $5,200,000, this is a compelling opportunity to acquire a strategically located mixed-use commercial asset with strong functionality, excellent accessibility, and built-in upside. 15,000 SF vacant space actively offered for lease at $1/SF/Mo + NNNs.

Investment highlights

Please see brochure for current rent roll and tenants.

Listing Contacts

Kiemle  HaGood
Kiemle  HaGood
Listed by Kiemle HaGood

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