111 Lincoln Rd, Spokane, WA 99208

Building Details

Year Built

1985

Listing office TOK Commercial Show Phone

Listing date Mar 12, 2026

Source Crexi

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Overview

The property at 111 E Lincoln Rd, Spokane, WA 99208 is an 8,432 square foot, multi-tenant office building situated on 0.55 acres. Zoned O-35, the property supports long-term office and service-oriented use. There are 36 on-site parking stalls. The building is 100% leased and generates $67,838 in current net operating income, representing a 5.4% capitalization rate. Pro forma net operating income is $101,689, reflecting an 8.15% capitalization rate through rent growth. The tenant mix includes counseling, nonprofit youth services, real estate, and salon users. The property is located near high-traffic North Spokane retail corridors, offering strong visibility and access. Situated just off North Division Street, Spokane’s primary retail corridor with over 37,000 vehicles per day, the property benefits from nearby national retailers and access to surrounding residential neighborhoods. The property offers immediate cash flow with upside potential.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Spokane

County

Spokane

State

Washington

Longitude

-117.4084376

Latitude

47.7297438

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FAQs

What type of property is this?

Office building - Leased office building with income and growth potential.

Where is this office building located?

The property is located at 111 Lincoln Rd Spokane, WA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Immediate cash flow with $67,838 current NOI (5.4% cap).; Clear path to $101,689 pro forma NOI (8.15% cap) through rent growth.; 100% leased, multi‑tenant office building.