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    1229 Broadway Ave Spokane, WA 99201

    For Sale
    $235,000

    Courthouse-adjacent, high-density potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 0.17-acre commercial lot presents a rare development opportunity in the heart of Spokane, Washington. Located at 1229 W Broadway Ave, this property boasts a highly desirable location directly across the street from the Spokane County Courthouse and just two blocks from the vibrant Kendall Yards neighborhood. Previously improved, the lot is ready for immediate development, with existing utilities readily accessible at the street. The corner lot configuration offers excellent visibility and accessibility, enhanced by existing curbs, sidewalks, and ample street parking on both sides. Zoned Community Business (CB), this site allows for a wide range of uses, including the construction of a building up to 150 feet in height. Importantly, the zoning also permits multi-family and residential development, opening up diverse possibilities for investors and developers. This prime location, combined with its flexible zoning and convenient infrastructure, makes this an unparalleled opportunity to build a thriving commercial or residential project in a rapidly growing area of Spokane. The asking price is $235,000. Don't miss this chance to acquire a highly sought-after property in a dynamic and expanding urban setting.

    Property Features for 1229 Broadway Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,405 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4309
    Latitude
    47.66409

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    FAQs

    What type of property is this?
    Commercial real estate - Courthouse-adjacent, high-density potential.
    Where is this commercial real estate located?
    The property is located at 1229 Broadway Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $235,000.
    (509) 418-2546
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1229 Broadway Ave Spokane, WA 99201
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