Property Details

1300 N Mullan Rd

Spokane, WA 99206

$2,400,000

Pending

CBA# 709155 courtesy of CBA Listing firm: Daines Capital

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I’d like more information about 1300 N Mullan Rd, Spokane, MLS# 709155

Office / Retail

Property Type

13,419

Bldg Sq Ft

Units

7.00%

Cap Rate

1985

Year Built

Property Overview

Strong NNN investment opportunity located along the highly trafficked N. Mullan Corridor in the heart of Spokane Valley. Positioned just one block south of the I-90 Argonne Exit, this property offers exceptional visibility, convenient ingress/egress, and outstanding regional access. The 13,419 SFT freestanding retail strip center is offered at $2,400,000 ($178.85/SFT) at a 7% cap rate. The property is 100% occupied with seven tenants (10 total units), providing stable income with primarily NNN leases (one MG lease). Situated on 0.98 acres, the concrete-constructed building (1985) includes 52 parking stalls and features a multi-tenant pylon sign along Argonne for strong street exposure. The building has been well maintained with a newer roof and fresh exterior paint. Surrounded by dense residential neighborhoods, schools, national retailers, and service providers, traffic counts in the immediate area range from approximately 13,400–16,900 vehicles per day. This is an excellent opportunity for investors seeking stabilized retail income in one of Spokane Valley’s most active commercial corridors. No seller financing available.