209 E Sprague Ave - Storefront Retail/Residential FOR SALE


Spokane, WA 99202- U-District
$750,000 USD
509-315-8720
209 E Sprague Ave, Spokane, WA for Sale
$750,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | 8.23% Cap Rate

209 E Sprague Ave
Spokane, WA 99202
U-District


HIGHLIGHTS

  • 7 Fully Occupied Condo Units
  • New TPO Roof
  • 2 Retail Units: 1,200 SF, 14’ High Ceilings
  • 3 Apartment Units: 1- 2 Bed/1 Bath Unit, 2- 1 Bed/1 Bath Units
  • 2 Shop/Storage Units with Fenced Yard

OVERVIEW

Fully leased investment property producing $7,545/month in rental income. Includes a total of seven condo units. Two retail spaces with 14’ ceilings (approx. 1,200 SF each), and three apartments (one 2 bed/1 bath, two 1 bed/1 bath). Two shop/storage units with fenced yard provide additional income and utility. TPO roof replaced in 2025.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

8.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

DTU

APN/PARCEL ID

35173.1801,35173.1802,35173.1803,35173.1804,35173.1805,35173.1806,35173.1807,35173.1808

ASK ABOUT THIS PROPERTY

Dallas LightnerLT Real EstateMore Info
509-315-8720

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Dallas LightnerLT Real EstateMore Info
509-315-8720

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.