706 1st St, Cheney, Washington

$749,000 REDUCED 16%
  • $749,000
  • 7,500
  • .21
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A rare investment opportunity in a prime location. Commercial 7,500 sq.ft a 2-story building located next to Eastern WA University&zoned G1,downtown commercial. 6 dormitory-style living units on2nd floor(6bdr/3bth, laundry,kitchen, study room,kitchenette)remodeled completely 2018.Office space/retail store,etc. on 1st floor.Closeness to EWU makes the property highly desirable among the growing population of EWU students&local population.Short distance to Amazon center,Medical lake,Fairchild AFB.See the info.

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Essential Information

  • MLS® # 202012657
  • Price $749,000
  • Square Footage 7,500
  • Acres 0.21
  • Year Built 1954
  • Type Rental Income
  • Sub-Type Rental Income
  • Status Active

Community Information

  • Address 706 1st St
  • Area A420/097
  • City Cheney
  • County Spokane
  • State Washington
  • Zip Code 99004


  • Features 200 AMP
  • Parking Spaces 12
  • Garages Attached, See Remarks


  • Heating Gas, Elec, Forced Air, Basebd, Cent A/C
  • Basement None, See Remarks
  • # of Stories 2


  • Exterior Block
  • Exterior Features Pub Sewer, Swr Conn, Pub Wtr
  • Lot Description Level, Corner
  • Roof Flat

School Information

  • District Cheney

Additional Information

  • Date Listed March 9th, 2020
  • Days on Website 30

Listing Details

  • Listing Office M J McAdams Realty


  • $/SqFt $100

Price & Status History

Date Details
Status Changed from Chg price to Active
Status Changed from Active to Chg price
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Neighborhood Information

High Residential Turnover

  • Icon of money $290,706

    Median Price

  • Icon of a grid layout $206

    Median Price/Sqft

  • Icon of a bar graph N/A

    Sale/List Ratio

  • Icon of a house N/A

    # of Homes SoldWithin the Last Year

  • Icon of a person walking 75/100

    Walk Score®Very Walkable

  • Icon of a raincloud 16.67″

    Annual Precipitation

  • Icon of a sun 32.80°F /82.50°F

    Avg. Highs -

  • Icon of a cloud and moon 21.70°F /54.60°F

    Avg. Lows -

  • Icon of a group of people 18,252

    PopulationBased on Nearest ZIP Code

  • Icon of a person 37

    Median Age

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Date Last Updated: 2020/04/09