5605 E Sprague Ave
Spokane Valley WA 99212

Central Sprague Retail Center

5605 E Sprague Ave Spokane Valley WA 99212

Listing #: 706549 | Status: Available | Last Modified: 4/9/2026 |

For Sale
Erik Nelson
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 8,150,000.0
  • $/SF$ 217.4
  • Listing StatusAvailable
  • Days on Market118
  • Asset ClassRetail
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 7.13 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • AnchorDollar Tree, Boot Barn, Skagit Farm Supply
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors1
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF37480
  • Net Rentable Area37480
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF183823
  • Acres4.22
Property Type
  • Property TypeRetail
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountySpokane
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaSpokane Valley
  • Tax ID #35144.9099
  • Additional Parcels
  • ZoningRC
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces85
  • Total Parking Spots85
  • Parking Ratio
Construction
  • Year Built1999
  • Year Renovated2016
  • Completion Date
  • Roof Type
  • Construction TypeConcrete

Costco Outparcel Retail Investment

Public Comments

Exceptional fully leased investment opportunity positioned as an outparcel to Costco, offering strong visibility and traffic counts along Sprague Avenue. The property is anchored by a complementary mix of national and regional tenants, including Dollar Tree, Boot Barn, and Aslin Finch, providing stable income and long-term appeal. The site also offers future upside with the potential to develop an additional pad fronting Sprague Avenue, enhancing value through expansion or redevelopment. Strategically located within a high-demand retail corridor, this asset presents an attractive opportunity for investors seeking reliable cash flow with built-in growth potential.

Search Tags

Pad(s), Regional Center, Street Retail, Strip Mall, Big Box

Listing Images