706 1st,
Cheney WA, 99004
Description
A rare investment opportunity. It is a unique combination of completely renovated Apartment (6 bdr/3bth, approx.2700 sq.ft, rented by room with a great rental income that brings approx. 2.9% cap rate, its 36% of the entire building) and Commercial Storefront/Retail/Office below in a prime location, 3 blocks from EWU and downtown. The showroom on the main floor has an open floor plan, approx. 4800 sq. ft, loading dock, 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 12,000 EWU students and closeness to the EWU campus, rapidly growing West Plains with Amazon fulfillment center, Medical Lake, golf courses and lakes, Fairchild AFB. Great owner user or investment opportunity. Ask your agent to provide the flyer with more info.
Details
| MLS# | 202110032 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 15 |
Features
| SQ Feet | 7,500 |
|---|---|
| Story(s) | 2 |
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| Area Information | |
|---|---|
| State | WA |
| County | Spokane |
| City | Cheney |
| Zip Code | 99004 |
| Area | A420/097 |
| Listing VS Median (in 99004) | |
Price: $790,000 low | high Med: $265,000 SqFt: 7,500 low | high Med: 1,351 $ / SqFt: $105 low | high Med: $203 On Site: 15 low | high Med: 35 | |
MLS Number: 202110032Listing Provided By:
Diana Stuart of M J McAdams Realty