52,000 Square Foot Retail Space For Sale @ 821 E 3rd Ave, Spokane, WA 99202

821 E 3rd Ave, Spokane, WA 99202

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Tom W.

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Listing Details

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.

Listing company: RE/MAX of Spokane

Pricing: Contact for Pricing

Availability: Now

Listing ID: 1061255

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Sale Price: $0

Size: 52,000 square feet

Type: Retail Space

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