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5525 N Alberta St
Spokane, WA 99205
Loma Vista Shopping Center · Retail Property For Sale
Executive Summary
A well-positioned neighborhood retail asset in North Spokane, Loma Vista Shopping Center presents a compelling investment opportunity within an established commercial corridor. Located at 5525 N. Alberta Street, this ±7,915 square foot multi-tenant retail building benefits from strong surrounding residential density, convenient neighborhood access, and consistent local consumer traffic. The property offers a functional layout with 28 on-site parking stalls, a favorable parking ratio, and Neighborhood Retail (NR-35) zoning, allowing a variety of retail and service-oriented uses within a pedestrian-scaled environment. Featuring a stable mix of daily-needs tenants and long-standing local operators, Loma Vista combines dependable in-place income with future repositioning potential.
Property Facts Under Contract
Sale Type
Investment
Property Type
Building Size
7,915 SF
Building Class
B
Year Built
1953
Price
$1,918,683 CAD
Price Per SF
$242.41 CAD
Cap Rate
6.50%
NOI
$124,714 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.99 AC
Zoning
Commercial
Parking
35 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
234’ on Alberta St
Amenities
- Dedicated Turn Lane
Property Taxes
| Parcel Number | 26362.1337 | Improvements Assessment | $981,485 CAD |
| Land Assessment | $209,611 CAD | Total Assessment | $1,191,096 CAD |
Property Taxes
Parcel Number
26362.1337
Land Assessment
$209,611 CAD
Improvements Assessment
$981,485 CAD
Total Assessment
$1,191,096 CAD
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