4211 Westwood AveChattaroy, WA 99003

Property Details for 4211 Westwood Ave

Year built

1982

Lot size

2.37 AC

Property size (Sq ft)

6,400 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

Exceptional investment opportunity in Chattaroy, WA, featuring a 6,400 square foot multi-tenant retail building situated on a generous 2.37-acre lot. Currently housing Whiskey Glasses Restaurant and Bar and Sienna Studio Salon, both under new five-year NNN leases with 3% annual rent increases, this property boasts a strong 100% occupancy rate and a current NOI of $61,800, translating to a 6.87% cap rate. The asking price is $899,000, or $140.47 per square foot. Built in 1982, the property benefits from a high-traffic location just off Highway 2 and features a large pylon sign for excellent visibility. Deed restrictions ensure no future development of convenience stores, gas stations, or coffee drive-thrus, protecting the long-term value of the investment. This is a rare opportunity to acquire a well-positioned, multi-tenant retail property with significant upside potential in a desirable location. The property's size and location offer considerable flexibility for future growth and development. The existing tenants provide a stable income stream, making this an attractive investment for both seasoned and new investors.

Location Insight

City

Chattaroy

County

Spokane

State

Washington

Latitude

47.914

Longitude

-117.35

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].