217 Napa StSpokane, WA 99202

Property Details for 217 Napa St

Year built

1979

Construction

STEEL FRAME

Lot size

0.27 AC

Property size (Sq ft)

3,072 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

35163.2708

APU

351632708

Description

This exceptional investment opportunity presents a 100% occupied, single-tenant warehouse located at 217 N Napa St, Spokane, WA 99202. The property, built in 1979 and renovated in 1981, boasts a light industrial zoning designation (Spokane County) and comprises a single building totaling [Building size - information not provided, please add this data]. Currently leased to Advanced Life Systems under a Net Lease (NNN) agreement, the tenant occupies the entire space through July 31, 2027, providing a stable income stream. The asking price for this turnkey investment is $575,000. Detailed building floor plans are available upon request. This property is ideally suited for investors seeking a secure, long-term, passive income generating asset in a desirable Spokane location. The property's location offers convenient access to major transportation routes, enhancing its logistical appeal. The 1981 renovation ensures the building is well-maintained and equipped to meet the needs of its current tenant. This is a rare opportunity to acquire a fully leased, low-maintenance industrial property in a thriving market. Further information, including detailed financial statements, is available to qualified buyers. Don't miss this chance to add a strong performing asset to your portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $784,044

  6.5%

  $723,733

  7%

  $672,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,650,552

  Geo Method

  $1,650,552

• Alternative Use

  Use

  Valuation

  Residential

  $610,496

  Hospitality

  $559,211

  Educational

  $465,257

  Medical

  $481,258

  Retail

  $723,733

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.66

Longitude

-117.382

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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