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Sprague Ave Retail Office
11622 - 11624E Sprague Ave Spokane Valley WA 99206
Listing #: 699361 | Status: Available | Last Modified: 3/6/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 93,446 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 6,060 |
| Net Operating Income | 87,386 |
| CAP Rate | 7.00 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Total Units | 3 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 7.000 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 2 |
| # of Floors | 1 |
| # of Units | 3 |
| Total Building SF | 1,450 SF |
| Net Rentable Area | 1,450 SF |
| Total Office SF | 542 SF |
| Largest Contiguous SF | 908 SF |
| Lot SF | 30,056 SF |
| Acres | 0.69 |
| Year Built | 1927 |
| Year Renovated | 2015 |
| Completion Date | 01/31/2015 |
| Roof Type | Pitched-flat |
| Construction Type | Framed |
| Property Type | |
|---|---|
| Property Type | Retail |
| Location | |
|---|---|
| County | Spokane |
| Vicinity | Opportunity |
| Location Description | Next to Oportunity Post Office across from City Hall |
| Cross Street | Bowdish |
| Market Area | Spokane Valley |
| Tax ID # | 45211.0703 |
| Zoning | CMU |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 0 |
| Total Parking Spots | 0 |
| Parking Ratio | 7/1000sf |
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
Sprague Ave Retail Office
11622 - 11624E Sprague Ave Spokane Valley WA 99206
Listing #: 699361 | Status: Available | Listing Date: 6/30/2025 | Last Modified: 3/6/2026 | Email Listing
For Sale
Sprague Ave Retail Office
