625 B St - Medical FOR SALE


Cheney, WA 99004
$1,275,000 USD
206-584-6195
625 B St, Cheney, WA for Sale
$1,275,000 USD
Medical - FOR SALE
1/5
null | 6.11% Cap Rate

625 B St
Cheney, WA 99004


HIGHLIGHTS

  • STRONG IN-PLACE INCOME WITH UPSIDE
  • PRIME UNIVERSITY-ADJACENT LOCATION
  • DEVELOPMENT OR REPOSITIONING POTENTIAL
  • AMENITY-RICH ENVIRONMENT
  • PROXIMITY TO MAJOR GROWTH DRIVERS
  • STRATEGIC REGIONAL ACCESS

OVERVIEW

Team Vara is pleased to present a well-established, mixed-use property located in the core of downtown Cheney, Washington. Situated at the intersection of Elm Street, 7th Street, and B Street, the site offers high visibility, convenient access, and close proximity to both residential neighborhoods and the campus of Eastern Washington University. The 5,582-square-foot professional office building is currently leased to two service-oriented tenants, including GPS Dental, which anchors the property with a long-term lease extending 10.7 years. GPS Dental is a national DSO with 110+ practices across the country and offers a full range of services from preventive care to advanced cosmetic and restorative treatments. Led by two experienced dentists, the practice maintains a loyal and growing patient base supported by hundreds of five-star reviews and strong community engagement. With its strategic location, durable tenancy, and positioning within a growing university town, this offering presents an attractive opportunity for investors seeking reliable cash flow with long-term growth.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

6.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

R-3

APN/PARCEL ID

13132.8501,13132.8505

ASK ABOUT THIS PROPERTY

RJ VaraNorthmarqMore Info
206-584-6195

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RJ VaraNorthmarqMore Info
206-584-6195

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