11622 - 11624E Sprague Ave
Spokane Valley WA 99206
Sprague Ave Retail Office
11622 - 11624E Sprague Ave Spokane Valley WA 99206
Listing #: 699361 | Status: Available | Last Modified: 3/6/2026 |
For Sale
- Phone:(509) 220-3835
- Email:TomWatson@CapSeven.com
- Office Name:Re/Max of Spokane-Commercial
- Office Phone:(509) 922-3000
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,248,371.0
- $/SF$ 860.9
- $/Unit$ 416,123.7
- Listing StatusAvailable
- Days on Market307
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income93,446
- Vacancy Factor %0.00%
- Operating Expenses6,060
- Net Operating Income87,386
- CAP Rate 7.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units3
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 7.00 %
- Building StatusExisting
- # of Buildings2
- # of Floors1
- # of Units3
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF1450
- Net Rentable Area1450
- Total Office SF542
- Largest Contiguous SF908
- Lot SF30056
- Acres0.69
- Property TypeRetail
- Office Type
- Building Class
- CountySpokane
- VicinityOpportunity
- Location DescriptionNext to Oportunity Post Office across from City Hall
- Second Address
- Cross StreetBowdish
- Market AreaSpokane Valley
- Tax ID #45211.0703
- Additional Parcels
- ZoningCMU
- # Covered Spaces0
- # Uncovered Spaces0
- Total Parking Spots0
- Parking Ratio7/1000sf
- Year Built1927
- Year Renovated2015
- Completion Date01/31/2015
- Roof TypePitched-flat
- Construction TypeFramed
Spokane Valley Post Office area retail
Sprague Ave retail/CMU parcel next door to the Valley Post Office. Parcel is zoned to include MultiFamily development and use. Currently, there are five tenants, including USPS parking and three retail stores. The parcel is priced at a 7 CAP based on actuals.
11622 and 11624 E Sprague are separate buildings on a single parcel. 11622 has 904 RSF on the main floor, a partial basement that is finished, along with a paved frontage area and a sign monument on Sprague Ave. 11624 is a separate building divided into two offices, each with bathrooms. This building also has its own signage monument on Sprague Ave.
Mixed-Use, Stand-Alone, Street Retail, Salon/Spa
