Description

A rare investment opportunity in a prime location. Presenting the opportunity to acquire 2-story building located next to Eastern WA University, city library, court house, local eateries. LEASE OPTION IS AVAILABLE AT AN AFFORDABLE RATE. CALL FOR DETAILS. The property is zoned G1, downtown commercial. There are 6 dormitory-style living units fully occupied on the second floor of the building and office space/store retail on the first floor. 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 11,000 EWU students, closeness to the EWU campus. 8.1% cap rate of return with leasing the main floor at $3000 only. LEASE INFO: 5000 sq.ft of Storefront Retail Space on the main floor is available at $3000 per month. It is a great time to get an advantage of low LEASE rate. The estimated monthly income is around $6000+/-.Ask your Agent to provide you the flyer with for more information.

Details

MLS#202024162
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1954
Days On Site35

Features

SQ Feet7,500
Story(s)2
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Area Information
StateWA
CountySpokane
CityCheney
Zip Code99004
AreaA420/097
Listing VS Median (in 99004)
Price:
$789,900
low | high
Med:
$265,000
100% of Average
SqFt:
7,500
low | high
Med:
0
100% of Average
$ / SqFt:
$105
low | high
Med:
$0
100% of Average
On Site:
35
low | high
Med:
92.5
37.837837837838% of Average
Listing Updated: November 30, 2020 8:07:10 PM PST
Diana Stuart LogoMLS Number: 202024162
Listing Provided By:
Diana Stuart  of  M J McAdams Realty

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