Spokane Valley, Washington, offers a diverse range of Retail Properties For Sale, making it an attractive investment opportunity for those looking to capitalize on the area's growing economy. With a population of approximately 100,000 residents, Spokane Valley provides a stable and consistent customer base for retail businesses. Retail Properties in Spokane Valley can represent a variety of investments, from strip centers and shopping malls to freestanding buildings and restaurants. These properties can provide a steady income stream and long-term appreciation in value. Spokane Valley's convenient location, with easy access to Interstate 90, makes it an ideal spot for retailers looking to serve the local community and surrounding areas. The city's amenities, such as Mirabeau Point Park and the Spokane Valley Heritage Museum, also attract visitors and locals alike, creating a strong demand for retail services. Additionally, the presence of major employers like MultiCare Valley Hospital and the Central Valley School District ensures a consistent flow of customers.
Spokane Valley's Retail Properties For Sale offer a unique opportunity to invest in a growing community with a strong economy. With 12 listings available, there are plenty of options to choose from. The average price per square foot for Retail Properties in Spokane Valley is $352 USD, and the average size is 11,853 square feet, with the largest property spanning 38,016 square feet. The average cap rate for Retail Properties in Spokane Valley is 6.47%. In addition to Retail Properties, Spokane Valley also offers Shopping Centers, Restaurants, Office Properties, and Hotels, each with its own unique characteristics and investment opportunities. Shopping Centers in Spokane Valley provide a one-stop shopping experience for residents, while Restaurants offer a diverse range of dining options. Office Properties in Spokane Valley cater to the city's growing business community, and Hotels provide accommodations for visitors and travelers. Overall, Spokane Valley's Retail Properties For Sale offer a compelling investment opportunity in a thriving community with a strong economy and diverse amenities.
What is the average cap rate for retail properties in Spokane Valley?
For investors seeking retail properties in Spokane Valley, it's essential to understand the average cap rate, which currently stands at 6.47%. To better comprehend this metric, I recommend checking out our article on what is a cap rate, which provides valuable insights into this critical aspect of commercial real estate investing.
How do location and foot traffic affect retail property values?
When it comes to retail properties for sale in Spokane Valley, location and foot traffic play a significant role in determining property values. Properties situated in high-traffic areas, such as along Sprague Avenue or near popular attractions like Mirabeau Point Park, tend to command higher prices due to their potential for increased customer exposure and revenue generation.
