For Sale $7,200,000
Property Type Multi-Family
Property Size 70,529 SF
Units 42
Lot Size 4.28 Acre
Year Built 1997
Date Updated Apr 2, 2024

Located on N. Evergreen Rd. just south of E. Mission Ave.71,517 SF of Building 47,587 SF of Net Rentable Area with Lots of Upside. Large Common Area Club House with Huge Kitchen, Dining Room, Chapel, Movie Room, Gym and Salon 4.29 Acres of Land Located Just a Couple Blocks South of I-90 MF-2 Zoning Allows for High Density Multi Family / Senior Living or Assisted Living Parking Consists of 32 Garages and 52 Paved Stalls 42 Large Units Consist of 1 to 3 Bedrooms Ranging from 815 SF to 2,700 SF Each Unit has their own fire place, washer and dryer and AC Unit $828,297 NOI, 11.5% Cap Rate Pro Forma Priced at $100.68 per SF. Well below Replacement Cost.

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Attachments

Evergreen Rd 1309 N - JP & JJ.pdf (PDF) opens in new window

Contacts

John Powers

NAI Black

(509) 622-3563

Location

Getting Around

Walk Score ®
31/100 Car-Dependent
Transit Score ®
37/100 Some Transit
Bike Score ®
51/100 Bikeable

Map
Street

City Spokane Valley, WA
Neighborhood Progress
Zip Code 99216
Market Spokane

Points of Interest

Spokane

9.18 miles

Exxon

0.32 miles
Maverik

0.36 miles
Conoco

0.95 miles
nomnom

0.98 miles
Mobil

1.03 miles
Conoco

1.05 miles
Chevron

1.09 miles
Sam's

1.10 miles
Holiday

1.13 miles
Indie Food Mart and Fuel

1.33 miles

Trentwood Trailhead

3.17 miles
Brevier Road Trailhead

3.82 miles
Saltese Flats Trailhead

4.27 miles
Phillips Creek Trailhead

4.28 miles
Canfield Gulch Trailhead

5.46 miles
Iller Creek Trailhead

5.50 miles
Lot P4

6.27 miles
P25

6.31 miles
Lot P3

6.36 miles
Lot P5

6.37 miles

Tru by Hilton

0.60 miles
Comfort Inn & Suites

0.88 miles
Oxford Suites Spokane Valley

0.88 miles
HomeTowne Studios

1.01 miles
Ramada

1.05 miles
Mirabeau Park Hotel & Convention Center

1.13 miles
Residence Inn

1.31 miles
Hampton Inn & Suites Spokane Valley

1.64 miles
Holiday Inn Express Spokane Valley

2.87 miles
Baymont Inn & Suites

2.91 miles

Honey Baked Ham

0.45 miles
Cafe Rio

0.49 miles
Boston's The Gourmet Pizza

0.54 miles
HopsnDrops

0.58 miles
Buffalo Wild Wings

0.58 miles
IHOP

0.62 miles
Cinnabon

0.62 miles
Subway

0.63 miles
Soba Teppanyaki

0.63 miles
Auntie Anne's

0.63 miles

Summit School

0.40 miles
Spokane Valley Adventist School

0.92 miles
Progress Elementary School

0.97 miles
Spokane Valley Early Learning Center

1.11 miles
Saint Mary Catholic School

1.14 miles
Mica Peak High School

1.15 miles
Pioneer School

1.18 miles
North Pines Middle School

1.19 miles
Summit School

1.32 miles
Adams Elementary School

1.43 miles

RecessTime

1.54 miles
Kid Country Daycare

1.66 miles
Little Learner Child Devolopment Center

2.32 miles
Scribbles Preschool

2.59 miles
Mullan Road KinderCare

2.93 miles
Bright Futures Academy

3.14 miles
Liberty Lake Children's Academy

5.15 miles
Planet Kids Childcare Center

6.83 miles
Where Little People Grow

7.53 miles
Giggling Guest Child Care Center

8.59 miles

Frequently Asked Questions

What is the lease rate for 1309 N Evergreen Rd?

Rental asking rate at 1309 N Evergreen Rd is $3,600,000.00/YR.

What is the total square footage of 1309 N Evergreen Rd?

1309 N Evergreen Rd totals 70,529 square feet.

When was this property built?

1309 N Evergreen Rd was built in 1997.

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