13011 14Th AveAirway Heights, WA 99001

Property Details for 13011 14Th Ave

Year built

1978

Construction

STEEL FRAME

Lot size

0.31 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Retail space

APN

15261.1911

APU

152611911

Description

This exceptional retail investment opportunity presents a 2,400 square foot strip center located at 13011 W 14th Avenue in Airway Heights, Washington, 99001. The property, situated on a sizable 13,500 square foot lot, boasts ample parking for customer convenience. Built in 1978 and remodeled in 1991, the single-story building is currently occupied by two tenants under leases extending to December 2025 and December 2026, providing immediate cash flow. The property features a strong location in Airway Heights, Spokane County, WA, with excellent visibility and accessibility. The asking price is $499,000, translating to a price per square foot of $207.92. The property's Assessed Parcel Number (APN) is 15261.1911. This is a well-maintained, established retail center offering a stable investment with a proven track record. The current tenant occupancy ensures a consistent income stream, making this an attractive proposition for investors seeking a reliable return on investment. Please note that the tenants should not be disturbed.

• CAP approach

  CAP return

  Valuation

  6%

  $718,890

  6.5%

  $663,590

  7%

  $616,191

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,289,494

  Geo Method

  $1,289,494

• Alternative Use

  Use

  Valuation

  Residential

  $559,763

  Hospitality

  $512,740

  Educational

  $426,594

  Medical

  $441,265

  Retail

  $663,590

Location Insight

City

Airway Heights

County

Spokane

State

Washington

Latitude

47.6423

Longitude

-117.591

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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