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Investment Highlights

  • FLEXIBLE BIG-BOX ASSETS
  • VALUE-ADD OR OWNER/USER OPPORTUNITY
  • STRONG MARKET & GROWTH FUNDAMENTALS
  • BELOW REPLACEMENT COST BASIS
  • DOMINANT REGIONAL DESTINATION

Executive Summary

Two former Sears anchor boxes located within Spokane Valley Mall and NorthTown Mall—two of the Spokane MSA’s most established retail destinations. Each asset delivers large-format scale, high visibility, parking infrastructure, and established co-tenancy, supporting multiple forward strategies: retail backfill, adaptive reuse, medical/education, service, or phased redevelopment.
Available individually or as a combined acquisition, the properties offer entry at a basis materially below replacement cost, with zoning and reciprocal easements that preserve access, parking, circulation, and site operations. These factors position the sites for a range of future use strategies.

Property Facts

Sale Type Investment or Owner User
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 314,632 SF
Total Land Area 10.99 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
4700 N Division St, Spokane, WA 99207 Retail 181,407 SF 1991 -
14720 E Indiana Ave, Spokane, WA 99216 Retail 121,157 SF 1997 -
14720 E Indiana Ave, Spokane Valley, WA 99216 Retail 12,068 SF 1997 -
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  • Listing ID: 40248481

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: Two Dominant Spokane MSA Anchor Boxes, Spokane, WA

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