Listed by NAI Black
$1,490,000
13221 E. 32nd Retail Center
Details
APN 45274.2911
Property Type Retail
Sub Type Shopping Center
Square Footage 7,142
Occupancy 48%
Tenancy Multi
Pro-Forma Cap Rate 7.26%
Pro-Forma NOI $108,166
Price per SqFt $209
Class B
Year Renovated 5
Buildings 1
Stories 1
Acreage 0.720
Zoning Commercial
Investment Type Net Lease
Sale Condition For sale by owner
13221 E. 32nd Retail Center for sale - Spokane Valley
Marketing description
Capitalize on the rapid residential expansion of Spokane Valley with this versatile retail and office center. Perfectly positioned at the high-traffic intersection of 32nd Avenue and Highway 27 (19,453 ADT), this property sits in a primary path of growth surrounded by developing housing and major anchors like Safeway and University High School. With immediate value-add potential through the lease-up of the vacant suites, investors can leverage a prime location that already serves as a hub for local favorites like Starbucks and Brother's Office Pizzeria.
Investment highlights
- Immediate Upside: Suite 3 is ready for a medical or professional tenant, featuring 5 offices, a kitchenette, and a cooled data room.
- Shadow-Anchored Traffic: Direct proximity to Safeway ensures consistent, high-frequency daily visitors.
- Growing Demographics: Situated to serve the expanding residential populations of Veradale and Greenacres.
- Maximum Visibility: The site features a lighted pylon and facade lightbox signage to capture passing traffic.
- Flexible Use: Commercial (C) zoning supports retail, office, or medical office configurations.
Listing Contacts
Listed by NAI Black
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