609 Fir AveDeer Park, WA 99006

Property Details for 609 Fir Ave

Year built

1980

Lot size

3.71 AC

Property size (Sq ft)

40,231 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

28034.1150

APU

280341150

Description

This exceptional retail property, located at 609 S Fir Ave in Deer Park, WA 99006, presents a unique investment opportunity. The property consists of two single-story buildings totaling 48,812 square feet, situated on a substantial 144,854 square foot lot. Built in 1980 and renovated in 1995, the center offers a blend of established infrastructure and updated amenities. Currently, there is 8,160 square feet of vacant space available, divisible into units as small as 2,160 square feet, with a maximum contiguous space of 6,000 square feet. The property boasts an excellent location off Highway 395, ensuring high visibility and accessibility for customers. Ample parking is provided, and pylon signage opportunities are available for enhanced brand recognition. A 5-year lease term is preferred. Please note that there are grocery restrictions in place. This property is ideal for a variety of retail uses and presents a strong potential for growth and return on investment in the thriving Deer Park market within Spokane County. The property's size and location make it an attractive option for both established businesses and new ventures seeking a prominent presence in this desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $12,050,685

  6.5%

  $11,123,709

  7%

  $10,329,159

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,615,682

  Geo Method

  $21,615,682

• Alternative Use

  Use

  Valuation

  Residential

  $9,383,265

  Hospitality

  $8,595,020

  Educational

  $7,150,956

  Medical

  $7,396,888

  Retail

  $11,123,709

Location Insight

City

Deer Park

County

Spokane

State

Washington

Latitude

47.948

Longitude

-117.481

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].