Price just reduced to $12,950,000 which is an 8.65% cap on actuals! Way below replacement costs! The Redwood Plaza, situated at 11707 E Sprague Avenue in Spokane Valley, is a three-building commercial complex anchored by the distinctive Clocktower Building. Initially developed in the mid 1980s and later completed in the early 90s, the plaza features a prominent four-story office structure flanked by two single story Retail Buildings, offering a total of approximately 108,000 SF of Office and Retail Building space.

With ample parking, the site caters to businesses seeking combined office, retail, and dining presence on one of Spokane Valley’s main commercial corridors.

The property has undergone numerous upgrades to maintain its relevance and functionality in today’s commercial real estate market. The plaza features a reinforced concrete structure with masonry and steel framing, offering strong foundational integrity and adaptability for a variety of tenants.

The strong mix of existing tenants, and growing demand in the Spokane Valley commercial market make this a compelling investment for cash flow and future Appreciation.