24,000 Square Foot Retail Space For Sale @ 905 E 3rd Ave

The Shogun Plaza Self Storage building and yard are located 2,700' southeast of the center of Spokane's University District. The parcel is zoned General Commercial allowing for a wide variety of uses and 150' heights. Attached are the City of Spokane permitted uses for the GC150 zone.
The Seller has a plan to convert the building into HDR serving the University District. The Seller will also consider a Joint Venture for redevelopment of the building or a long term ground lease. The Storage building is priced at $750K which would be a 7 CAP if onsite management was reduced to $1,000/mo. The Seller wants to retire and is motivated so please bring your ideas.