Description
Zoned G1, downtown commercial. It is a unique combination of completely renovated Apartment (6 bdr/3bth, 2750 sq.ft, rented by room with a great rental income that brings 2.9% cap rate, it's appr.36% of the entire building) and Commercial Storefront/Retail/Office below in a prime location, 3 blocks from EWU and downtown of Cheney. The showroom on the main floor has an open floor plan, appr. 4800 sq. ft, loading dock, 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 12,000 EWU students and closeness to the EWU campus, rapidly growing West Plains with Amazon fulfillment center, Medical Lake, golf courses and lakes, Fairchild AFB. Great owner user or investment opportunity. Ask your agent to provide the flyer with more info. 8.1% cap rate of return with leasing the main floor at $3000 only, no NNN required to get this cap rate. Ask your agent for the flyer with an additional info.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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7,500SQFT
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$105$/SQFT
Description
Zoned G1, downtown commercial. It is a unique combination of completely renovated Apartment (6 bdr/3bth, 2750 sq.ft, rented by room with a great rental income that brings 2.9% cap rate, it's appr.36% of the entire building) and Commercial Storefront/Retail/Office below in a prime location, 3 blocks from EWU and downtown of Cheney. The showroom on the main floor has an open floor plan, appr. 4800 sq. ft, loading dock, 12+parking stalls and street parking will make these properties highly desirable among the growing population of more than 12,000 EWU students and closeness to the EWU campus, rapidly growing West Plains with Amazon fulfillment center, Medical Lake, golf courses and lakes, Fairchild AFB. Great owner user or investment opportunity. Ask your agent to provide the flyer with more info. 8.1% cap rate of return with leasing the main floor at $3000 only, no NNN required to get this cap rate. Ask your agent for the flyer with an additional info.