525-555 E Francis Ave - Auto Dealership FOR SALE


Spokane, WA 99208- Nevada Lidgerwood
$14,250,000 USD
509-755-7524
525-555 E Francis Ave, Spokane, WA for Sale
$14,250,000 USD
Auto Dealership - FOR SALE
1/16
null | Request Cap Rate

525-555 E Francis Ave
Spokane, WA 99208
Nevada Lidgerwood


OVERVIEW

555 E. Francis Avenue presents an opportunity to acquire a large-scale commercial property positioned within Spokane's established north metro retail and service corridor. The site encompasses approximately 9.87 acres with frontage along Francis Avenue, Addison Street, and Standard Street, providing multiple points of visibility and access. Its location just minutes from the North Spokane Corridor and U.S. Highway 395 supports convenient connectivity throughout the Spokane region. The property is improved with approximately 137,861 square feet of commercial improvements, including a primary building and a separate pad building. Originally developed as a Fred Meyer location and currently occupied by RnR RV Center, the asset offers substantial existing infrastructure suited to a variety of commercial, retail, service, showroom, automotive, recreation, and redevelopment scenarios subject to local approvals. Building features include CMU and steel construction, LED lighting throughout, wet and dry sprinkler systems, extensive loading capability with multiple grade-level and dock-high doors, and a combination of showroom, office, and service areas. Significant capital improvements have been completed over time, including a new roof installed in 2020, a major building expansion in 1993, and a remodeled service area completed in 2016. The property's General Commercial (GC-70) zoning designation further supports a broad range of commercial uses. Combined with its prominent frontage, regional accessibility, and established commercial surroundings, the property offers owner-users and investors a well-located asset within one of Spokane's primary commercial corridors.

FOR SALE DETAILS

PRICE

$14,250,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

600

LAND DETAILS

LAND ACRES

9.87 AC

LAND SF

429,937 SF

ZONING

GC

APN/PARCEL ID

36293.0002,36293.0004

ASK ABOUT THIS PROPERTY

Mark LucasKiemle & HagoodMore Info
509-755-7524

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Mark LucasKiemle & HagoodMore Info
509-755-7524

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