5 Pacels!

Retail-Commercial for Sale
Catylist Listing ID: 30337687
Property Subtypes: Convenience Store
Building Size (RSF): 1,736 SF
Gross Building Area: See Agent
Gross Land Area: 0.93 Acres
Sale Price: $3,200,000
Unit Price: $1,843 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/12/2019

Overview / Comments

One of Spokane’s best commercial corners!  The northwest corner of Boone and Monroe, where the Riverside, Garfield and West Central neighborhood meet, is less than 1000 feet from the Spokane Veterans Memorial Arena, less than 2000 feet from Riverfront Park and only 6/10 of a mile from the Central Business District.  The FIVE parcels currently house a 6,413 sq. ft., 18 unit apartment complex; a 1,736 sq. ft. convenience store; a 1,800 sq. foot retail building; over 9,400 sq. ft. of paved parking; with the remain .4 acres vacant undeveloped land.  Not only does this property have access off Boone to the south and Monroe to the east, but it also has alley access on the north side. More than 55,100 cars pass in front of this corner daily! In the path of immediate growth, this property could be developed now or held onto for future growth as income flows in from current tenants.

Additional Details

Nearest MSA: Spokane-Spokane Valley
County: Spokane
Tax ID/APN: 35182.1307

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,535 134,818 224,881
Median Age: 35.64 34.92 36.33
Households: 7,944 56,932 94,679


Photograph of Listing Agent

Tony Villelli

KW Commercial
NWCRE Member
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