10923 North Newport Highway, Spokane, WA 99218 For Sale

Pinewater Plaza multi-tenant retail strip center is a compelling retail investment opportunity in North Spokane, located at 10925 N Newport Hwy, Spokane, WA 99218. This attractive 15,260-square-foot multi-tenant strip center sits on a 2.82-acre parcel and offers a strong blend of established tenancy, functional design, and long-term market appeal. Originally constructed in 2004 and renovated in 2018, the property features a quality retail presence with a diverse tenant mix that includes Retro Donuts, Inland Northwest Ballet, Jonathan’s Nail & Spa, WA Army National Guard, and the U.S. Armed Forces Recruiting Center. Zoned GC (General Commercial), the site is well-positioned to support a wide range of commercial uses and continued tenant demand. Offered at $4,400,000, Pinewater Plaza presents investors with an opportunity to acquire a stabilized retail asset with a proforma cap rate of 7%. With strong visibility along Newport Highway, an established customer base, and a strategic location in a growing retail corridor near major regional draws, this property delivers both income potential and lasting value.