Bldg 14 - 206 Tumwater Blvd SW

Tumwater, WA 98501

• Parking Garage
• Office for Sale
• $1,885,675 CAD
• 6,000 SF

• 24 Hour Access

Tumwater Office for Sale - Tumwater/S Olympia

Recently renovated single story 6,000 sqft retail/office! Property rebuilt from the ground up in 2025, all new roof, siding, doors, windows, electrical, HVAC systems and much more! Property is 65% occupied, 2 of 3 suites are tenant occupied. 3 year leases in place, with options to renew. Located off of Tumwater Blvd, minutes from freeway. Tumwater is undergoing through tremendous growth, potential for more growth and income with increased population growth. 70+ years remaining on ground lease! Ground lease fee includes property taxes, landscaping, security services, garbage service, parking lot maintenance and courtyard maintenance, lighting for common areas. Don't miss out on this opportunity! Sister building next door also available for sale. Contact LA for special pricing if both buildings purchased together.

Contact:

Russell Realty & Associates Llc

Date on Market:

2026-01-23

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Cleanwater Centre Building 12 - 210 Tumwater Blvd SW

Tumwater, WA 98501

• Parking Garage
• Retail for Sale
• $1,885,675 CAD
• 6,000 SF

Tumwater Retail for Sale - Tumwater/S Olympia

Recently renovated single story 6,000 sqft retail/office! Property rebuilt from the ground up in 2025, all new roof, siding, doors, windows, electrical, HVAC systems and much more! Property is 100% occupied, all 3 sites are tenant occupied. 7 year leases in place, with option to renew. Located off of Tumwater Blvd, minutes from freeway. Tumwater is undergoing through tremendous growth, potential for more growth and income with increased population growth. 70+ years remaining on ground lease! Ground lease fee includes property taxes, landscaping, security services, garbage service, parking lot maintenance and courtyard maintenance, lighting for common areas. Don't miss out on this opportunity! Sister building next door also available with 1 suite that can be occupied by owner. Contact LA for special pricing if both buildings purchased together.

Contact:

Russell Realty & Associates Llc

Property Subtype:

Freestanding

Date on Market:

2026-01-23

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Commercial Street Office - 1323 Commercial St

Bellingham, WA 98225

• Parking Garage
• Office for Sale
• $7,827,762 CAD
• 19,800 SF

Bellingham Office for Sale - Downtown Bellingham

Turnkey, modern office space in the heart of Downtown. Situated across from the Commercial Street parking garage this location gives employees the opportunity to enjoy restaurants, shopping and entertainment just steps from work. Currently operating as a co-working space, there is a combination of open-floor space and private offices. The building has both street and alley access. This is a great opportunity for an expanding local company or a company relocating from out of town. $30,474 pm net lease in place until 11-2-26 which can be bought out. The building has a connection option to 1331 Commercial Street, a 14,416 sq ft office building, that is also for sale. This connection by sky bridge creates over 34k sq ft of office space. Appointment Required

Contact:

Pacific Continental Realty, LLC

Date on Market:

2026-01-22

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1331 Commercial St

Bellingham, WA 98225

• Parking Garage
• Retail for Sale
• $5,855,009 CAD
• 14,810 SF

Bellingham Retail for Sale - Downtown Bellingham

Former bank building, situated in Bellingham’s Commercial Core. Open floor plan, multiple private offices, conference rooms, kitchen, and original bank vaults. Fiber, fully sprinkled, elevator, plus 12 parking spaces. Additional parking is available in Commercial Street Parking Garage across the street along with multiple area parking lots. $22,091 pm net lease in place until 11-2-26 which can be bought out. Nearly 35k sq ft of combined office possible by skybridge to 1323 Commercial St., a 19,800 sq ft office building, that is also for sale. Appointment required.

Contact:

Pacific Continental Realty, LLC

Date on Market:

2026-01-22

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1311-1315 Commercial Street - 1313 Commercial St

Bellingham, WA 98225

• Parking Garage
• Office for Sale
• $7,573,162 CAD
• 19,156 SF

Bellingham Office for Sale - Downtown Bellingham

Beautifully renovated and turnkey office space in the heart of Downtown. Situated across from the Commercial Street parking garage this location gives employees the opportunity to enjoy restaurants, shopping and entertainment just steps from work. With a combination of open-floor space and private offices, this building is sure to cover all the needs of an evolving business. A large conference room, exercise room, large kitchen and reception fulfill all possible needs. The building has both street and alley access, as well as skylights for lots of natural light. This is a great opportunity for an expanding local company or a company relocating from out of town. $37,512 pm net lease in place until 11-2-26 which can be bought out. Building has a connection option to 204 W Holly, a 4,500 sq ft office/retail building, that is also for sale.

Contact:

Pacific Continental Realty, LLC

Date on Market:

2026-01-21

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20120 76th Ave W

Edmonds, WA 98026

• Parking Garage
• Office for Sale
• $1,234,260 CAD
• 1,320 SF

Edmonds Office for Sale - Edmonds/Lynnwood

Rare, single-story office building with efficient, flexible layout in Edmonds, WA. Approximately 1,320 square feet on a 0.17-acre lot. Includes dedicated parking lot (12 stalls), build-out with private offices, reception area, and an ADA-compliant restroom, and low-maintenance landscaping surrounding the building.

Contact:

Colliers

Date on Market:

2026-01-20

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Columbia Summit Center - 731 N Columbia Center Blvd

Kennewick, WA 99336

• Parking Garage
• Retail for Sale
• $21,599,550 CAD
• 88,823 SF

Kennewick Retail for Sale

Columbia Summit Center offers investors a rare opportunity to acquire a 100% leased neighborhood shopping center in the primary retail corridor of the Tri Cities. The center is anchored by Planet Fitness and boasts a mixture of national and strong local long term tenant, approximately 76% of which have occupied space in the property for ten years or more. The offering features a stable and diversified tenant roster in a property that has seen capital improvements including new roof, parking lot seal coating, exterior paint and new LED exterior lighting.

Contact:

Lee & Associates Commercial Real Estate Services

Property Subtype:

Storefront

Date on Market:

2026-01-20

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Burien 8 - 423 SW 155th St

Seattle, WA 98166

• Parking Garage
• Multifamily for Sale
• $2,022,815 CAD
• 5,200 SF

• Air Conditioning
• Kitchen

Seattle Multifamily for Sale - SeaTac/Burien

Paragon Real Estate Advisors and Windemere Real Estate is pleased to present Burien 8, an eight-unit apartment community located in the heart of Burien, Washington. Burien 8 offers investors the opportunity to acquire a well-maintained apartment property in a highly desirable, walkable location with immediate income upside and additional long-term value-add potential. New ownership can capitalize on a strong and rising rental market through near-term lease-up and rent optimization, while retaining the optionality to further enhance returns through a light renovation or repositioning strategy. Built in 2009, the property benefits from modern construction standards and a low-maintenance ownership profile. With a 94 Walk Score, Burien 8 provides tenants immediate access to restaurants, shopping, grocers, nightlife, and public transit, making it a highly attractive place to live within the South King County submarket. Strong rental trends in the area reflect increasing demand driven by both the quality of the asset and its prime, walkable location near major employment centers. Burien 8 consists of four one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units, each featuring functional and efficient layouts designed to meet today’s renter preferences. Two units will be delivered vacant, allowing a new owner to immediately lease at market rents and capture near-term income growth. In addition, a recently executed lease has been signed at pro-forma rent levels, providing clear validation of achievable market rents and supporting forward-looking income assumptions. Given its 2009 construction, Burien 8 features updated systems throughout, resulting in reduced near-term capital expenditure requirements and long-term operational stability. All major building components have been well maintained, and the newer construction profile meaningfully differentiates the asset from older vintage properties commonly found in the submarket. Offered at $1,475,000, or $184,375 per unit, Burien 8 represents a compelling entry point for a newer-construction asset in Burien, positioning the property as an attractive opportunity for investors seeking durable cash flow, immediate income upside, and long-term hold appeal.

Contact:

Paragon Real Estate Advisors

Property Subtype:

Apartment

Date on Market:

2026-01-14

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Walgreens - 425 Bridge St

Clarkston, WA 99403

• Parking Garage
• Retail for Sale
• $7,346,786 CAD
• 14,550 SF

Clarkston Retail for Sale - Asotin

Rare opportunity to acquire a true absolute NNN Walgreens—a 100% passive investment with zero landlord responsibilities. The property generates $375,000 in annual net income at a 7% cap rate, backed by a long-term lease with approximately 10 years of firm term remaining. Located at 425 Bridge Street, Clarkston, WA, this 14,550 SF freestanding Walgreens sits on a highly visible, signalized hard corner serving the Lewiston, Idaho–Clarkston, Washington bi-state metropolitan area. The asset benefits from significant regional draw, including traffic from a 1.5-hour radius to the area’s only Costco, reinforcing its position as a dominant retail anchor. The lease structure is absolute NNN, meaning the tenant is fully responsible for all expenses—including taxes, insurance, maintenance, roof, structure, and parking lot—delivering investors a hands-off ownership experiencewith no exposure to future capital expenditures. Constructed in 2015, the modern facility features 53 parking spaces and is strategically positioned along Bridge Street (US Route 12) within a high-traffic retail corridor. The property is adjacent to Costco Wholesale and Walmart Supercenter, ensuring consistent traffic counts and long-term relevance. Further enhancing investor appeal, the asset is located in Washington State, offering the benefit of no personal income tax, and is supported by strong regional connectivity via river, rail, and highway infrastructure. Asotin County continues to experience steady growth, solidifying the site’s long-term viability. Top tier Walgreens, absolute NNN investment designed for investors seeking predictable income, minimal risk, and complete passivity.

Contact:

Pearl Realty

Property Subtype:

Drug Store

Date on Market:

2026-01-12

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21 N 1st Ave

Yakima, WA 98902

• Parking Garage
• Office for Sale
• $11,999,750 CAD
• 56,939 SF

Yakima Office for Sale - Yakima CBD

THIS OFFERING is for the opportunity to purchase an office and laboratory building leased on a long-term basis with approximately 8.5 years remaining to Washington State Department of Agriculture (“WSDA”). Located in the absolute heart of downtown Yakima, this facility is a critical hub supporting the region’s vast and diverse agricultural industry. Its central location that services central Washington is critically important to a region heavily dependent upon agriculture, where Yakima County is Washington’s leading agricultural county and number one producer of apples, hops and various other crops. This is a simple, transparent offering with a strong credit tenant and essential governmental agency paying below market rent who is entrenched and heavily invested at the location that they’ve been in since 1998.

Contact:

Almon Commercial Real Estate

Date on Market:

2026-01-05

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5802 Evergreen Way

Everett, WA 98203

• Parking Garage
• Retail for Sale
• $1,028,550 CAD
• 990 SF

• Air Conditioning

Everett Retail for Sale - Everett CBD

Prime Commercial Opportunity on Evergreen Way! This 990 sq ft commercial building is ready for your next business venture. Freshly upgraded exterior including all new windows, exterior paint, parking lot striping and more in 2025. Hvac has all new components, A/C, brand new roof installed when bought in 2021. This property offers convenience, and excellent visibility. The flexible new MU-15 zoning opens the door to a variety of uses such as retail, office, service-based businesses and more. The layout includes an open back workroom/shop area, two half bathrooms, and a functional floor plan designed to maximize your workflow. Take advantage of Evergreen Way’s high traffic and unbeatable exposure. The seller is intending to do a 1031 exchange. Your business belongs here!

Contact:

John L. Scott Snohomish

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-12-22

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5908 NE 108th Ave

Vancouver, WA 98662

• Parking Garage
• Land for Sale
• $678,843 CAD
• 0.34 AC Lot

Vancouver Land for Sale - Orchards

- 0.34 Acres on two tax parcels - Zoned GC 'General Commercial' - Water and Sewer in NE 108th Ave. - Near I-205 Access - Pre App Approval and Architectural Plans for 6,500 SF Building and 15 Parking

Contact:

MAJ Commercial Real Estate

Property Subtype:

Commercial

Date on Market:

2025-12-03

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Dollar General - 6003 Highway 291

Nine Mile Falls, WA 99026

• Parking Garage
• Retail for Sale
• $4,204,667 CAD
• 10,566 SF

• Air Conditioning

Nine Mile Falls Retail for Sale - Stevens County

Rare opportunity to acquire a true absolute NNN Dollar General with 14+ years of guaranteed lease term remaining, providing $190,090 in annual net income at a 6.2% cap rate. Designed for 100% passive ownership, the lease places all operating expenses and capital responsibilities—including taxes, insurance, maintenance, roof, structure, and parking lot—entirely on the tenant. Located at 6003 Highway 291, Nine Mile Falls, WA, the 10,566 SF freestanding building sits on 1.43 acres with direct access and visibility from Highway 291. The site benefits from convenient ingress/egress and strong daily traffic exposure in a growing Spokane-area trade corridor. Dollar General has executed a 15-year absolute NNN lease with five (5) additional 5-year renewal options, delivering exceptional long-term security. The lease includes 5% rental increases every five years, providing built-in inflation protection and predictable income growth. The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant rated BBB by S&P and Baa2 by Moody’s. Situated within the Spokane MSA, Nine Mile Falls is located just 15 miles northwest of downtown Spokane, offering investors exposure to strong regional demographics while maintaining the stability of a necessity-based retailer. Dollar General’s essential-goods business model and proven performance through economic cycles further reinforce the durability of this income stream. This is a textbook absolute NNN investment—ideal for investors seeking hands-off ownership, secure cash flow, and long-term income growth backed by a nationally recognized, investment-grade tenant.

Contact:

Pearl Realty

Property Subtype:

Freestanding

Date on Market:

2025-11-24

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Creekside Professional Bldg - 16504 9th Ave SE

Mill Creek, WA 98012

• Parking Garage
• Office for Sale
• $10,134,646 CAD
• 19,397 SF

• Conferencing Facility

Mill Creek Office for Sale - Mill Creek/Woodinville

Northmarq is pleased to present the Creekside Professional Building, a turnkey, low-risk investment in one of Snohomish County's most desirable submarkets. The offering is 100% occupied, boasting durable income and NNN leases requiring minimal management responsibility. The 19,397 SF building was constructed in 2001 and is home to five tenants offering a mix of medical and professional services to the surrounding community. Positioned between I-5 and Bothell-Everett Highway, the property offers excellent connectivity and convenient access for more than 365,000 residents within a five-mile radius. Creekside features 80 dedicated parking stalls, enhancing tenant functionality while generating additional income for ownership. All five leases are structured on a NNN basis with annual rent escalations, delivering a strong hedge against inflation with minimal expense exposure. As of the offering date, the property features a weighted average lease term of 5.06 years, with 80% of tenants holding extension options.

Contact:

Northmarq

Date on Market:

2025-11-19

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Heights Shopping Center - 6701 E Mill Plain Blvd

Vancouver, WA 98661

• Parking Garage
• Retail for Sale
• $14,125,420 CAD
• 83,901 SF

Vancouver Retail for Sale - St Johns/Cntrl Vancouver

Heights Shopping Center is a daily-needs retail center anchored by Safeway, which has operated since 1991 and remains leased through 2031, which welcomes approximately 889,000 annual visits (Placer.ai). In addition to the in-line space, Safeway also operates on a separate ground lease for the NE corner parcel, expiring in 2031. Both leases include two (2) ten-year options with 10% rent increases. In-place shop rents average below $9 per square foot, well-below prevailing neighborhood rates of $18-$22 per square foot, creating a clear mark-to-market opportunity on upcoming rollovers amid a one-mile retail vacancy of less than 3%. The tenant mix is e-commerce resistant, featuring a mix of small-format financial services, salons, health and fitness, and food uses, and limited junior-box exposure with the largest non-grocer space around 6,000 square feet. The Property is located within the Heights Plan District, which supports mixed-use, mid-rise scale development alongside adjacent R-18 zoning. The surrounding trade area is affluent and expanding, with one-mile average household income above $125,000 and a nearby population base that’s grown over 20% since 2010. The Offering is positioned at a signalized hard-corner intersection at E Mill Plain Boulevard and N Andresen Road with multiple access points to a dedicated ~340-stall parking lot, offering excellent visibility and access. Offered at $123 per square foot, the center provides a below-replacement entry compared to $600 per square foot or more for new grocery-anchored product. A 4.38% CAGR signals attractive growth, with further lift via development of the Safeway ground-leased parcel and marking Safeway’s in-line space to market (presently $9/SF) in the event they vacate.

Contact:

Northmarq

Property Subtype:

Freestanding

Date on Market:

2025-11-19

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The Doupe Building - 104 Spruce St E

Ilwaco, WA 98624

• Parking Garage
• Retail for Sale
• $1,782,820 CAD
• 18,000 SF

• Smoke Detector

Ilwaco Retail for Sale

The iconic Doupe Building is a ~ 18,000 sq. ft. property comprised of two connected buildings and a private parking lot, in the midst of transformation and ready for your vision. One luxury apartment and one commercial space are completed and operating with instant cash flow. Zoned for mixed-use, commercial plus short- or long-term rentals. ~ 10,000 sq. ft of commercial space, with potential for seven more apartments upstairs, and the possibility of multiple commercial spaces and apartments on the main floor. The roof, skylights, fire suppression system, and water mains are all new. Motivated seller willing to review all offers, including creative financing and partnership. List of upgrades available.

Contact:

Realty One Group Pacifica

Date on Market:

2025-11-04

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DSHS - 1651 S Pilgrim St

Moses Lake, WA 98837

• Parking Garage
• Office for Sale
• $10,964,343 CAD
• 32,800 SF

• Air Conditioning

Moses Lake Office for Sale

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale the Department of Social & Health Services (DSHS) facility located in the rapidly growing Moses Lake, Washington, sub-market. This Property was a build-to-suit location for DSHS, situated on a spacious 3.26-acre lot with ample parking (roughly 185 parking stalls). The Seller recently completed renovations throughout the entire property including: parking lot, landscaping, HVAC maintenance, and lighting throughout the facility. DSHS recently renewed their lease for an additional five years, with a notable 17.5% rental increase over the previous term. The lease is guaranteed by the State of Washington, which has a Fitch rating of AA+. Moses Lake currently boasts a low 2.3% vacancy rate, with rental rates increasing 12.5% cumulatively over the last three years (source: CoStar). Ideally positioned off State Highway 17, a major Moses Lake arterial, the Property is approximately one mile from Interstate 90, the nation's largest and most trafficked Interstate.

Contact:

Marcus & Millichap

Date on Market:

2025-10-29

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Chandler Street Apartments - 3332 Chandler St

Tacoma, WA 98418

• Parking Garage
• Multifamily for Sale
• $1,960,648 CAD
• 4,656 SF

• Air Conditioning
• Private Bathroom
• 24 Hour Access
• Smoke Detector

Tacoma Multifamily for Sale - Tacoma Suburban

The Chandler Street Apartments presents a stabilized 8-unit multifamily investment offering a current 6.0% cap rate with upside to 6.8%. The property consists of eight 1-bed x 1-bath units and is 100% occupied with historically low turnover, providing immediate and reliable cash flow. Recent interior upgrades include new LVP flooring, updated kitchen countertops, and refreshed bathroom cabinetry. Exterior capital improvements feature new paint, a repaved and striped parking lot, and a secure gated entry. Tenant amenities include on-site laundry, storage, and off-street parking. Centrally located with convenient access to I-5, SR-16, transit, shopping, and dining.

Contact:

Every Door Real Estate

Property Subtype:

Apartment

Date on Market:

2025-10-24

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1421 N Division St

Spokane, WA 99202

• Parking Garage
• Retail for Sale
• $1,371,399 CAD
• 4,000 SF

Spokane Retail for Sale - SW North Metro

Prime investment opportunity. Multi use zoning for commercial or residential development. Medical, retail, fast food, housing complex and many other available uses. New parking lot, new siding, new roof, strong structure. Large traffic count on N Division with strong visibility from Mission Ave cross section. Busy area near college and downtown.

Contact:

CKAB, Inc.

Date on Market:

2025-10-09

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1149 SW Cascade Ave

Chehalis, WA 98532

• Parking Garage
• Multifamily for Sale
• $2,303,952 CAD
• 7,552 SF

• Air Conditioning

Chehalis Multifamily for Sale

10-unit apartment complex with great rental history. Amazing investment without the headache. So much maintenance and updating has been done. Room to raise rents for additional upside potential. New siding, new insulation. All electrical updated: new exterior meters, new interior panels, new grounding rods. New roofs for both buildings. New main sewage and drainage lines. New windows - vinyl & double-paned. Ductless mini-split heat pumps for all units, providing AC/heat. Fresh landscaping. 22 space parking lot. Walking distance to schools, parks, restaurants, grocery and minutes from I-5. Don't miss this opportunity!

Contact:

Voetberg Hansen Real Estate

Property Subtype:

Apartment

Date on Market:

2025-10-09

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Snoqualmie Market Retail Center - 8030 Railroad Ave SE

Snoqualmie, WA 98065

• Parking Garage
• Retail for Sale
• $3,695,923 CAD
• 8,100 SF

• Air Conditioning

Snoqualmie Retail for Sale - E King County

Prime retail center in the heart of downtown Snoqualmie. Rare property with spacious parking lot drawing lots of tourists and locals. Property is just across from the Railroad Museum, and minutes from the Snoqualmie Falls, which helps to draw over 1.5 million visitors to town every year. Great retail mix with very established tenants that have a huge following in the valley. Recent upgrades in 2025.

Contact:

Bexco Capital

Property Subtype:

Supermarket

Date on Market:

2025-10-02

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2000 Kentucky St

Bellingham, WA 98229

• Parking Garage
• Industrial for Sale
• $10,148,360 CAD
• 47,807 SF

Bellingham Industrial for Sale - North Bellingham

Single-Tenant NNN Leased Property with 3% annual increases. Six-year lease commenced May 1, 2025. 4 brand new HVAC Units . Premier location near I-5 in central Bellingham. 47,807 SF building with 29,950 SF Warehouse, 16,916 SF Office (Ground and Mezzanine) and 941 SF of covered loading dock. Large paved parking lot with approx. 70 parking spaces. Property is fully fenced, with entrance onto Kentucky St. Heavy Power in the building (480V, 1,600 Amp). Elevator on South wing. Warehouse space is Sprinklered and plumbed throughout with pneumatics. Fully insulated structure (including roof). Covered loading dock has two truck wells.

Contact:

Gage Commercial Real Estate

Property Subtype:

Warehouse

Date on Market:

2025-09-09

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1109 N Cedar Rd

Deer Park, WA 99006

• Parking Garage
• Specialty for Sale
• $4,045,630 CAD
• 25,000 SF

Deer Park Specialty for Sale - Outside Metro North

Deer Park Mini-Storage & Light Industrial Property For Sale: $3,200,000 1109 N. Cedar Road, Deer Park, WA 99006(Spokane County | APN: 26364.0024) Prime Investment Opportunity: Versatile Light Industrial Site with Self-Storage Income & Live-Work Appeal Discover this exceptional 8.88-acre light industrial property, strategically located across from the Deer Park Airport in the growing Inland Northwest market. Zoned LI (Light Industrial), this site offers a rare blend of operational flexibility, steady income from an 80-unit self-storage business generating approximately $60,000 annually, and premium live-work amenities following a major 2023 remodel. Ideal for investors, owner-operators, or developers seeking expansion potential with 5.05 acres of surplus land ready for additional storage units, yard storage, or industrial operations. Key Property Features Site & Land: 8.88 acres (386,813 sf) total, including 3.83 acres of primary improved land and 5.05 acres of surplus/developable land. Level topography with excellent access via Cedar Road, just 1,700 ft north of Airport Road. Ample space for outdoor storage, expansion, or airport-related uses. Warehouse/Office Building: 15,400 sf (built 1990, expanded/remodeled 2023). Features a state-of-the-art 3,400 sf high-end office/living space with radiant floor heating, 9-ft walls, gourmet kitchen, and modern finishes—perfect for a caretaker residence or on-site business management. The remaining 12,000 sf warehouse offers functional space for light industrial activities, with recent upgrades including new landscaping, parking lot, and entrance for enhanced curb appeal and usability. Self-Storage Facilities: Two buildings (built 1995) totaling 10,296 sf with 80 units (two 5,148 sf buildings, 40 units each). Low-maintenance, high-demand asset in a market with 8-10% vacancy and strong occupancy potential from local residents and airport users. Condition & Utilities: Overall good/superior condition post-remodel. Well-maintained with average original components upgraded for extended usability. Utilities include city water, sewer, 3 phase electricity; no known soil contamination (per 2020 appraisal extraordinary assumption). Highest & Best Use: Existing light industrial and mini-storage operations, with surplus land supporting expansion (e.g., additional storage buildings). Location Highlights Strategic Positioning: Directly opposite the Deer Park Airport entrance, providing visibility and convenience for aviation-related businesses or users. Situated in a low-population area with abundant vacant land, yet only 20-30 minutes from Spokane's urban amenities, major highways (US-395), and growing industrial hubs. Market Advantages: Benefits from Spokane's resilient commercial real estate trends, including e-commerce-driven demand for storage and industrial space. Low self-storage vacancy in the area (8-10%) and proximity to airport could boost specialty occupancy (e.g., aircraft parts storage). Income & Investment Potential Current Revenue: Mini-storage business generates ~$60,000 annual income (assumed NOI), with room for growth through rate increases or additional units on surplus land. Warehouse/office space offers leasing potential at $8–$12/sf NNN, aligning with local industrial rents. Versatile Income Streams: Operate as-is for passive self-storage income, lease the warehouse for light industrial use, or utilize the live-work setup for owner-occupied efficiency. Expansion opportunities could add significant value in a market with modest rental growth (0.3-0.6% YoY). Value JustificationBased on a comprehensive market analysis as of September 7, 2025, this property's estimated market value of $3,200,000 reflects substantial appreciation and value-add since the 2020 appraisal ($1,550,000). Key factors include: Market Appreciation: Spokane-area industrial/self-storage values have risen 30-50% since 2020, driven by e-commerce recovery and demand for flexible spaces (per Yardi Matrix and StorageCafe reports). Comparable sales show self-storage at $6,000–$20,000/unit (e.g., a 236-unit Wenatchee facility sold for $4.9M or ~$20,763/unit in July 2025) and industrial/warehouse at $80–$200/sf (averaging $181/sf). Remodel Value-Add: The 2023 $600,000 self-performed remodel (equivalent to $900,000 bid cost then, ~$1.2M replacement today due to 33% construction inflation) transformed the property by scrapping the original 1,200 sf dated office and adding 2,200 sf net, creating a 3,400 sf high-end office/living area. This upgrade boosts appeal for live-work buyers, with ~75% cost recoup (net $900,000 added value) based on local trends where high-end fit-outs average $150–$350/sf. Component Breakdown: Real estate only valued at $2,900,000 (land $1,200,000 at $3.10/sf; warehouse/office $1,850,000 at $120/sf; self-storage $850,000 at $10,625/unit). Mini-storage business (going concern with leases and management) adds $300,000, capitalized at 20% on $60,000 NOI for operational risks. Market Resilience: Despite 6.4% industrial vacancy and flat rents ($8–$12/sf NNN), cap rates have compressed to 4.8-6.7% for quality assets. National self-storage sales surged 37% YoY in Q1 2025 ($855M total), with Spokane's below-average rates ($14–$16/sf annually) supporting stable income. Surplus land and airport proximity mitigate threats like supply abundance, positioning this as a high-potential asset. This property represents a turnkey investment with immediate cash flow and long-term upside—don't miss out! Contact for Details or Showing:Kevin EldredgePhone: 509-688-3498 | Email: kevin@discountaircraftsalvage.com

Contact:

Airport Mini Storage

Property Subtype:

Self-Storage

Date on Market:

2025-09-07

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2911 E Boone Ave

Spokane, WA 99202

• Parking Garage
• Industrial for Sale
• $932,552 CAD
• 7,600 SF

Spokane Industrial for Sale - SE North Metro

Owner User or Investor opportunity located centrally in Spokane, WA. This 7,600 SF industrial building was originally constructed in 1954 (expanded in 1979 and 2001) offers immediate upside and value-add for investors or users. Benefit from the strategic location and access to major transportation routes, including the future US 395 under construction, offering convenience and connectivity for businesses. The property has been used as a custom cabinet shop for the past 20+ years and is currently occupied by Good Buddies Cabinets, which may require a short term leaseback post closing.

Contact:

SVN | Cornerstone

Property Subtype:

Service

Date on Market:

2025-09-03

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