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Mon., July 8, 2013, 10:26 a.m.

CarMax is expanding, opening its first used-car lot in Spokane Valley

Virginia-based CarMax Inc., the nation’s largest used-car retailer, plans to open its first location in the area in Spokane Valley next spring.

It will build its new retail store on a nine-acre site at 7814 E. Sprague Ave. Spokane Valley permits say the 44,000-square foot facility will cost roughly $4.8 million.

This will be the initial store operated by CarMax in Washington state. Company spokeswoman Trina Lee said the goal is open locations in the Seattle market eventually.

"We chose Spokane Valley because of the busy retail and auto corridor on that side of the state," Lee said.

Its locations typically hire between 50 and 100 employees, said Lee.

Publicly traded CarMax is a Fortune 500 company. It opened its first store 20 years ago and now has 122 in 61 markets.

Construction is expected to begin within the next few months.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.