No photos available

$3,100,000

Lease Option Available
15,707 sqft
1806 days
Commercial|Built 1998
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

2.65 acres with 15,000+ SF warehouse/office mix on Regional Commercial zoned parcel with 50+ paved parking spots, and a 50 ft digital outdoor sign to capture the attention of 68,000 annual average daily commuters along the I-90 frontage (WADOT stat per 2020 study right at subject property). Tenant occupied until May 31 2022, but earlier occupancy may be negotiable. The current tenant is a residential home builder, and the space is utilized as a showroom with front desk, multiple conference rooms, private offices, and bull-pen style work spaces, a kitchen/break room, and warehouse with 2 mezzanine areas for storage. There is a loading dock and 2 drive-in doors, the property is fully landscaped, and renovations were completed in 2016. New sewer service installed 2020. Easy access to I-90 on Barker about half mile down the street. There are plans to construct a Henry Rd overpass with ramps and Broadway Ave improvements. Besides new schools in CVSD, residential and commercial building in the area is exploding.

Sale Summary

Sold Price

$3,100,000

List Price

$3,100,000

Sale vs List

+0%

Close Date

Dec 9, 2021

Financing

Cash

Buyer's Agent

MISC MISC

Property Details

Property Type

Commercial

Year Built

1998

Subdivision

N/A

County

Spokane

Lot Size

2.65 acres

Living Area

15,707 sqft

Price / Sqft

$197

Garage

4-car

Total Parking

52 spaces

Schools

Elementary: Central Valley

Days to Sell

61 days

MLS #

SAR202123614

Parcel #

55172.1001

Annual Taxes

$19,147

Total Building Area

15,707 sqft

MLS Area

A112/085

MLS Class

Commercial

Listing Terms

Cash, Commercial

Road Frontage

City Street, Paved Road

Lease Considered

Yes

Street Direction

E

MLS Status

Sold

Listed On

Oct 8, 2021

Went Pending

Oct 18, 2021

Status Changed

Dec 9, 2021

Last MLS Update

Dec 10, 2021

MLS Branch

293

School Information

Elementary

Central Valley

Home Features & Details

Construction

Brick

Roof

Flat

Basement

SlabNone

Cooling

Central Air

Accessibility

Ramp - Main Level

Views

Territorial

Lot Features

Sprinkler - AutomaticLevelOpen Lot

Listed By

Robert Jacobs II

Coldwell Banker Schneidmiller

Estimated Monthly Payment

$16,792/mo

Estimated at 6.5% APR, 30-year fixed. For informational purposes only.

Property Highlights

Year Built1998
Square Footage15,707 sqft
Lot Size2.65 acres
Price / Sqft$197
StatusClosed

Location

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