21 E Lincoln Rd - Restaurant FOR SALE


Spokane, WA 99208- Nevada Lidgerwood
$2,300,000 USD
509-628-6678
21 E Lincoln Rd, Spokane, WA for Sale
$2,300,000 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

21 E Lincoln Rd
Spokane, WA 99208
Nevada Lidgerwood


HIGHLIGHTS

  • Prime Retail Location – Situated in a thriving commercial district of Spokane, ensuring high visibility and strong foot traffic.
  • Spacious Floor Plan – 18,211 SF of versatile space, perfect for a variety of retail or specialty center concepts.
  • Large Lot Size – 1.4 acres provides ample parking and potential for future expansion or redevelopment.
  • Flexible Zoning – General Commercial (GC) zoning offers flexibility for multiple business types, from retail storefronts to specialty shops.
  • Established Market Presence – Built in 1973, this property has been a staple in the area, surrounded by a mix of national and local retailers.
  • High-Traffic Area – Located near major roads and key commercial hubs, attracting consistent customer flow.

OVERVIEW

THE PROPERTY CONSISTS OF TWO LARGE RETAIL SPACES: Unit 1 (OCCUPIED): A long-standing restaurant featuring a spacious dining area, buffet-style setup, and a variety of booth and table seating. Additionally, the restaurant includes multiple hibachi tables, enhancing its appeal for customers seeking an interactive dining experience. Unit 2 (VACANT): A bar/lounge/nightclub featuring tall ceilings, mezzanine space, and an open floor plan, making it an ideal venue for live music performances, private events, and social gatherings. The layout allows for a variety of potential uses, including a music venue, upscale lounge, event space, or even a hybrid concept blending entertainment and dining. The flexible interior design, combined with existing infrastructure, offers significant potential for customization to meet the needs of future tenants or investors.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

GC

APN/PARCEL ID

36203.0111,36203.0112

ASK ABOUT THIS PROPERTY

Andrew KeefSVN | CornerstoneMore Info
509-628-6678

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Andrew KeefSVN | CornerstoneMore Info
509-628-6678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.