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209 E Sprague Ave 5,280 SF 100% Leased Retail Building Spokane, WA 99202 $1,046,940 CAD ($198.28 CAD/SF) 8.23% Cap Rate

Retail Spaces Washington Spokane 209 E Sprague Ave, Spokane, WA 99202

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INVESTMENT HIGHLIGHTS

  • 7 Fully Occupied Condo Units
  • 2 Retail Units: 1,200 SF, 14’ High Ceilings
  • 2 Shop/Storage Units with Fenced Yard
  • New TPO Roof
  • 3 Apartment Units: 1- 2 Bed/1 Bath Unit, 2- 1 Bed/1 Bath Units

EXECUTIVE SUMMARY

Fully leased investment property producing $7,545/month in rental income. Includes a total of seven condo units. Two retail spaces with 14’ ceilings (approx. 1,200 SF each), and three apartments (one 2 bed/1 bath, two 1 bed/1 bath). Two shop/storage units with fenced yard provide additional income and utility. TPO roof replaced in 2025.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,280 SF
Building Class
B
Year Built
1925
Price
$1,046,940 CAD
Price Per SF
$198.28 CAD
Cap Rate
8.23%
NOI
$86,189 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.81
Lot Size
0.15 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
DTU
Parking
15 Spaces (2 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line

LINKS

1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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measures access to public transit. Bike Score®
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Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Spokane Barre
Perkins
Chili's Grill & Bar
Original Pancake House
U.S. Bank
BECU
TacoTime
Horizon Credit Union
Dutch Bros
Starbucks

PROPERTY TAXES

Parcel Numbers
Multiple
  • 35173.1803
  • 35173.1802
  • 35173.1804
  • 35173.1805
  • 35173.1801
  • 35173.1807
  • 35173.1806
 Improvements Assessment $311,849 CAD
Land Assessment $0 CAD Total Assessment $311,849 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 35173.1803
  • 35173.1802
  • 35173.1804
  • 35173.1805
  • 35173.1801
  • 35173.1807
  • 35173.1806
Land Assessment
$0 CAD
Improvements Assessment
$311,849 CAD
Total Assessment
$311,849 CAD
(509) 315-8720

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 37842840

  • Date on Market: 2025-09-26

  • Last Updated:

  • Address: 209 E Sprague Ave, Spokane, WA 99202

The U-District Retail Property at 209 E Sprague Ave, Spokane, WA 99202 is currently available. Contact LT Real Estate for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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209 E Sprague Ave
(509) 315-8720 x

209 E Sprague Ave

Dallas Lightner
(509) 315-8720

Ryan Towner
(509) 481-0373

Mitch Gillingham
(509) 688-3587

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