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321 1st St

12,000 SF 100% Leased Retail Building Cheney, WA 99004 £1,255,056 (£105/SF) 6.51% Net Initial Yield

Investment Highlights

  • Top Floor: 4 Apartment Units (3 2bed/1bath units and 1 studio)
  • Bottom Floor: 5 Private Offices and 1 Retail Suite
  • Main Floor: 2 Street Level Retail Suites
  • Building remodeled in 2013

Executive Summary

Mixed Use Building for Sale in Cheney, WA. Conveniently located in the heart of Downtown Cheney. 3 blocks away from Eastern Washington University. 20 minutes from Downtown Spokane and 20 minutes from the Spokane International Airport. Seller is open to owner financing

Attachments

321_1st_St-Cheney-For_Sale_Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,000 SF
Building Class
C
Year Built
1902
Price
£1,255,056
Price Per SF
£105
Net Initial Yield
6.51%
NOI
£81,704
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.75
Land Acres
0.10 AC
Zoning
Commercial, Spokane
Frontage
57 ft on 1st St

Amenities

  • Bus Route

Links

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321 1st St, Cheney, WA - aerial map view - Image1
321 1st St, Cheney, WA - aerial map view - Image2
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 13132.3004 Improvements Assessment £959,961
Land Assessment £48,320 Total Assessment £1,008,281

PROPERTY TAXES

Parcel Number
13132.3004
Land Assessment
£48,320
Improvements Assessment
£959,961
Total Assessment
£1,008,281
(509) 321-2000

  • Listing ID: 30274707

  • Date on Market: 04/12/2023

  • Last Updated:

  • Address: 321 1st St, Cheney, WA 99004

The Retail Property at 321 1st St, Cheney, WA 99004 is currently available For Sale. Contact SVN | Cornerstone for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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321 1st St, Cheney, WA for sale Aerial- Image 1 of 6
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© 2024 CoStar Group

321 1st St
(509) 321-2000 x

321 1st St

1/2

Jordan Lester, CCIM, MBA

(509) 321-2000

(509) 321-2000

Andrew Keef

(509) 321-2000

(509) 321-2000

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