7316 N Division St Multi-Tenant Retail for Sale
Multitenant Retail Center on Division Street | 6.50% CAP | 9,439 SqFt
Marketing description
7300 N Division Street presents an opportunity to acquire a well-positioned retail center in Spokane's premier North Division retail corridor. The property is currently 80% occupied with 4 of 5 bays leased, providing immediate in-place cash flow and a compelling value-add opportunity through lease-up of the remaining vacancy.
Strategically located within a high-traffic retail trade area near Northtown Mall, Providence Holy Family Hospital, and numerous national retailers, the center benefits from strong visibility, accessibility, and established consumer demand. Situated on approximately 1.20 acres with 44 on-site parking stalls, the property offers investors a stable core asset with upside potential through increased occupancy and rental growth. New 10 year roof warranty. Pro forma cap rate of 7.09%.
Investment highlights
- 4 bay retail strip center with Prime North Spokane location on major arterial
- 9,545 SF ± building on 1.20 acres
- GC-70 zoning with wide commercial use flexibility
- 44 dedicated parking spaces
- Parcel #: 36292.0099
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