Prepared by https://www.commercialmls.com
5605 E Sprague Ave Spokane Valley WA 99212
Listing #: 706549 | Status: Available | Last Modified: 4/9/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 7.13 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Anchor | Dollar Tree, Boot Barn, Skagit Farm Supply |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 1 |
| Total Building SF | 37,480 SF |
| Net Rentable Area | 37,480 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 183,823 SF |
| Acres | 4.22 |
| Year Built | 1999 |
| Year Renovated | 2016 |
| Construction Type | Concrete |
| Property Type | |
|---|---|
| Property Type | Retail |
| Investment | Yes |
| Location | |
|---|---|
| County | Spokane |
| Market Area | Spokane Valley |
| Tax ID # | 35144.9099 |
| Zoning | RC |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 85 |
| Total Parking Spots | 85 |
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.
Pad(s), Regional Center, Street Retail, Strip Mall, Big Box
Central Sprague Retail Center
5605 E Sprague Ave Spokane Valley WA 99212
Listing #: 706549 | Status: Available | Listing Date: 12/23/2025 | Last Modified: 4/9/2026 | Email Listing


