2282 N Ash St - Health Club FOR SALE


Spokane, WA 99205- Emerson Garfield
$8,500,000 USD
503-705-7352
2282 N Ash St, Spokane, WA for Sale
$8,500,000 USD
Health Club - FOR SALE
1/11
null | 6.5% Cap Rate

2282 N Ash St
Spokane, WA 99205
Emerson Garfield


HIGHLIGHTS

  • High Visibility and Accessibility
  • Strong Tenant Mix
  • Established Brand Identity
  • Stable Foot Traffic
  • Ample Parking
  • Resilience to E-commerce Disruption

OVERVIEW

Welcome to an investment opportunity that captures the essence of growth, stability, and community engagement. Nestled in the heart of North Spokane, this two-tenant retail center presents a compelling proposition for astute investors seeking a strategic foothold in a thriving and promising location. Situated at the crossroads of convenience and potential, this retail center enjoys unparalleled visibility and accessibility. Its strategic placement in North Spokane positions it as a pivotal destination for both residents and commuters, offering a gateway to urban amenities and a vibrant community. Boasting two powerhouse tenants, Planet Fitness and Goodwill, this retail center presents a harmonious blend of attractions. Planet Fitness, a leading fitness franchise, draws health-conscious individuals seeking an affordable and judgment-free workout experience. Goodwill, a nonprofit icon, attracts budget-savvy shoppers with its array of quality thrift goods. The synergy between these tenants creates a dynamic atmosphere that thrives on diverse foot traffic and fosters sustained patronage. Investors will appreciate the inherent resilience of this property. Both Planet Fitness and Goodwill are well-positioned to weather the storms of economic uncertainty and digital disruption. Their services offer tangible experiences that online platforms cannot replicate, ensuring a continuous flow of customers seeking personal connections and meaningful interactions. Beyond its commercial appeal, this retail center seamlessly integrates into the fabric of the community. Goodwill’s mission-driven approach resonates with socially conscious consumers, enhancing its reputation as a community pillar. As residents visit for fitness or thrift finds, they become part of a larger narrative of growth and shared values. Investing in North Spokane means embracing a future of growth and potential. With urban development expanding, property values appreciating, and a diverse economic landscape, this location offers a canvas of opportunity waiting to be painted.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodwill & Planet Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,629 SF

ZONING

C

APN/PARCEL ID

25124.4915

ASK ABOUT THIS PROPERTY

Ryan ImbrieSVN | Imbrie RealtyMore Info
503-705-7352

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Ryan ImbrieSVN | Imbrie RealtyMore Info
503-705-7352

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