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    209 Main St Spokane, WA 99201

    For Sale
    $1,900,000

    Two adjacent parcels, prime location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents two contiguous parcels totaling 0.33 acres on West Main Street in the heart of downtown Spokane, Washington. The properties, located at 209 and 215 West Main Street, offer a rare chance to redevelop a significant piece of Spokane's urban core. Both parcels boast 50-foot frontages and a depth of 142 feet each. The existing structures, built in 1912 and 1920 respectively, are slated for demolition, allowing for the construction of a new development tailored to your vision. The DTG zoning designation permits a wide array of uses, including high-density mixed-use projects incorporating retail, residential, or office space, providing significant flexibility for future development. The strategic location, near the intersection of Browne and Main Streets, and just one block west of Division on Main, places the property in a vibrant and highly accessible area of downtown Spokane. A site visit is strongly encouraged to fully appreciate the exceptional potential of this prime location and its significant development possibilities. The asking price for both parcels is $1,900,000.

    Property Features for 209 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1912
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.414
    Latitude
    47.65883

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    FAQs

    What type of property is this?
    Commercial real estate - Two adjacent parcels, prime location.
    Where is this commercial real estate located?
    The property is located at 209 Main St Spokane, WA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (425) 780-8237
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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
    209 Main St Spokane, WA 99201
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