821 E 3rd Ave, Spokane, WA 99202

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Building Details:

• Year Built: 1951

821 E 3rd Ave is aretail property located in Spokane, WA. The property currently has 1 retail space for lease and is marketed by RE/MAX of Spokane.

The iconic Shogun Restaurant is located 2,700' southeast of the center of the Spokane's University District. The pricing includes the businesses and equipment and three parcels surrounding the building. The Shogun Restaurant is priced at a 6.5 CAP based on first half 2016 NOI of $71,163 but expenses also include a $4,000/mo salary to the owning LLC officers. Total return to the owner is a 9 CAP based on asking price. The restaurant is grossing approximately $1M annually. The owner will consider a 10 yr lease back. The Seller wants to retire and is motivated so please bring your ideas.

• Available Spaces

Suite	Space Type	Pricing	Size
---	Retail Space	For sale: Contact for Pricing	52,000 sqft
View Details Listing company: RE/MAX of Spokane Pricing: Contact for Pricing Availability: Now Listing ID: 1061255 Save to list