Commercial Building with Spa
1321 W Northwest Blvd, Spokane, WA 99205
- Added:
- Apr 6, 2026
- Days on Market:
- 66
- Last Refresh:
- Jun 10 at 6:06 am
Property Features for 1321 W Northwest Blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commercial
- Rooms
- Basement
- Interior features
- High Speed Internet
- Exterior features
- Lighting, Handicap Access, Lawn
- Basement
- Unfinished
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 35073.2101
- Size
- 1,541 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- See Attached
- Tax Annual Amount
- 1431
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1907
- Building materials
- Wood Siding, Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agent Katy Azar License #SP52947 (509) 768-7977
Listing office Designed Realty 3514 E 36th Ave., Spokane, WA (509) 939-6686
Listing date Apr 6, 2026
MLS# 26-3949
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Commercial/business‑zoned building on Northwest Blvd with off‑street parking plus some parking behind the building.
- Two purchase options: buy the building for $350,000 or a turn‑key spa setup with 2 hair stations, a nail salon, and 3 upstairs spa rooms for +$7,500.
- Year built 1907 with wood siding/frame construction and a composition roof.
- Heating: natural gas forced air; cooling: central air.
- High‑speed internet available; public water and public sewer.
- Accessibility features include an accessible approach with ramp; newer roof (about 6 months) and fresh paint.
Overview
This well-maintained commercial building offers a flexible layout that can be used as-is or configured for wellness, retail, office, or live-work. The space includes a turnkey spa option featuring 2 hair stations, a nail salon, and 3 spa rooms upstairs. The building has fresh paint and a ramp, and it is described as very low maintenance. Recent improvements include a newer roof installed approximately six months ago, supporting a clean, move-in-ready presentation.
Located at 1321 W Northwest Blvd in Spokane, WA 99205, the property is positioned on a very busy thoroughfare with many established businesses and nearby neighborhoods. Parking is a strong practical feature, with plenty of off-street parking and additional parking behind the building. The listing also notes the building is “beautiful inside and out,” reinforcing that it is currently maintained for business use.
For tenants, operators, or buyers who want the option to keep the property as a salon or adapt it to another commercial use, this asset provides an adaptable footprint and turnkey wellness configuration. The ramp supports accessibility, and the combination of off-street parking and a central, high-traffic setting can help accommodate customer visits and day-to-day operations. Call to schedule a tour to confirm fit for your intended use.
Located at 1321 W Northwest Blvd in Spokane, WA 99205, the property is positioned on a very busy thoroughfare with many established businesses and nearby neighborhoods. Parking is a strong practical feature, with plenty of off-street parking and additional parking behind the building. The listing also notes the building is “beautiful inside and out,” reinforcing that it is currently maintained for business use.
For tenants, operators, or buyers who want the option to keep the property as a salon or adapt it to another commercial use, this asset provides an adaptable footprint and turnkey wellness configuration. The ramp supports accessibility, and the combination of off-street parking and a central, high-traffic setting can help accommodate customer visits and day-to-day operations. Call to schedule a tour to confirm fit for your intended use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $22.20 |
| − Vacancy | −$4.8k | −$3.11 |
| EGI | $29.4k | $19.09 |
| − OpEx | −$7.4k | −$4.77 |
| NOI | $22.1k | $14.32 |
1,541 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$315.2K
$275.8K – $367.8K
NOI $22,066 @ 7.0% cap · market cap 6.30%
Second Best
Mixed Use
$262.9K
$230.1K – $306.8K
NOI $18,405 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$397.6K
$347.9K – $463.8K
NOI $27,830 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Nailed by Angeleana
Nail Salon
Bris Esthetics
Hair Salon
Ginny’s Nails & More
Nail Salon
L. Boze Healing ...
Alternative Medicine Practice
A Nu-Yu Salon & Spa
Hair Salon
Similar Places Nearby
- Crystal Reiki & Intuitive Readings - Hailey Arsenault | R.M.T. — 2617 w courtland ave, spokane, wa 99205
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.43222
- Latitude
- 47.677214
Nearby Similar for Sale
FAQs
What type of property is this?
Spa & wellness property - Commercially zoned building near heavy traffic, with off-street parking and an available turnkey spa setup.
Where is this spa & wellness property located?
The property is located at 1321 W Northwest Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial/business‑zoned building on Northwest Blvd with off‑street parking plus some parking behind the building.; Two purchase options: buy the building for $350,000 or a turn‑key spa setup with 2 hair stations, a nail salon, and 3 upstairs spa rooms for +$7,500.; Year built 1907 with wood siding/frame construction and a composition roof.
