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    706 1st St

    Cheney, WA 99004
    • $789,900
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 202024162
    UPDATED: 41 min ago
    $789,900
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,500
      SQFT
    • $105
      $/SQFT
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    A rare investment opportunity in a prime location. Presenting the opportunity to acquire 2-story building located next to Eastern WA University, city library, court house, local eateries. LEASE OPTION IS AVAILABLE AT AN AFFORDABLE RATE. CALL FOR DETAILS. The property is zoned G1, downtown commercial. There are 6 dormitory-style living units fully occupied on the second floor of the building and office space/store retail on the first floor. 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 11,000 EWU students, closeness to the EWU campus. 8.1% cap rate of return with leasing the main floor at $3000 only. LEASE INFO: 5000 sq.ft of Storefront Retail Space on the main floor is available at $3000 per month. It is a great time to get an advantage of low LEASE rate. The estimated monthly income is around $6000+/-.Ask your Agent to provide you the flyer with for more information.

    Monthly Payment Calculator

    © 2020 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2020-11-25T20:20:30.343.
    www.mallrealtygroup.com/homes/111409629
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    706 1st St Cheney, WA 99004

    • Price: $789,900
    • Status: Active
    • Updated: 41 min ago
    • ID#: 202024162
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    7,500
    SQFT
    $105
    $/SQFT
    1954
    Built
    Neighborhood:
    A420/097
    County:
    Spokane
    Area:
    A420/097
    School District:
    Cheney
    Property Description
    A rare investment opportunity in a prime location. Presenting the opportunity to acquire 2-story building located next to Eastern WA University, city library, court house, local eateries. LEASE OPTION IS AVAILABLE AT AN AFFORDABLE RATE. CALL FOR DETAILS. The property is zoned G1, downtown commercial. There are 6 dormitory-style living units fully occupied on the second floor of the building and office space/store retail on the first floor. 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 11,000 EWU students, closeness to the EWU campus. 8.1% cap rate of return with leasing the main floor at $3000 only. LEASE INFO: 5000 sq.ft of Storefront Retail Space on the main floor is available at $3000 per month. It is a great time to get an advantage of low LEASE rate. The estimated monthly income is around $6000+/-.Ask your Agent to provide you the flyer with for more information.
    Exterior Features

    Access Public Road Drive In Doors 1 Exterior Block Garage Size Other Loading Dock 1 Roof Flat

    Interior Features

    Basement No Basement

    Property Features

    Business Opportunity Yes Heat Cooling GasElecForced AirBasebdCent A/C Lease Yes Number Of Onsite Parking 10 Real Property Yes Site Improvements Gas Avail-StPublic SewerPublic WaterSee Remarks Terms CashCommercial Year Remodeled 2018

    Listing provided courtesy of M J Mcadams Realty.
    © 2020 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2020-11-25T20:20:30.343.
     
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