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12322 N Ruby Rd
Spokane, WA 99218

Spokane Area Commercial

  • 1.38 Acre

$4,300,000

1 Week on market

MLS# 202620502

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

State Certified Alzheimer’s care facility established 15-year Tenant and 100% occupied. This property is offered currently at a 6% cap rate. The project offers a total of 15,066 sq ft consisting of 4 separate wings, each wing has 10 beds (9 rooms), kitchen, laundry, ADA bathrooms, office area, common area with fireplace and television, and a dining area. One wing has had a kitchen remodel to provide a “commercial” kitchen for food prep for the entire facility. The tenant is currently paying $17.41 sf NNN rent with an increase scheduled in 3/2027 to $17.93. The tenant has one 5-year option remaining at market rent to be negotiated at the time of option. Please contact agent for additional information.

Bedrooms: 0
Bathrooms: 0
SqFt: 0
County: Spokane
Year Built: 1999
New Construction:
Lot SqFt: 60,271
Basement
  • None
Heating / Cooling
  • Natural Gas
  • Forced Air
Terms
  • Conventional
  • Cash
  • Owner Financing
  • Commercial
Lot / Information
  • Fenced Yard
  • Sprinkler - Automatic
  • Level
Features
  • Hndicap Ac
  • Sec Lights
  • Sec Alarm
Roof
  • Composition

Office Details
John L Scott, Spokane Valley  —  509-924-4200

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 7/14/2026, 12:22 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.