McDonald’s Corp. will open a new restaurant this summer on property it purchased near Gonzaga University in north Spokane.
The Oak Brook, Ill., company bought two lots on the southwest corner of Augusta Avenue and Hamilton Street. It’s taking the corner lot last used by an oil lube business and a next-door residence, which will be torn down.
The restaurant, due to open in July, will be roughly 3,700 square feet with a two-lane drive through.
The company paid $170,000 for the residence at 818 E. Augusta, and $475,000 for the lube business property, at 826 E. Augusta. (Photo here is of the quick lube shop, from the Spokane County Assessor's page.)
Jeff Ottmar of Cornerstone Property Advisors represented McDonald’s. Steve Peterson of Coldwell Banker represented the property owners.