Spokane University District Investment
115 E Pacific Ave & 112 E 1st Ave, Spokane, WA 99202
City block with redevelopment potential in Spokane's University District.
Type:Office
Property size:
42,098 SFPrice / SF:
$150/SF- Added:
- Nov 21, 2025
- Days on Market:
- 184
- Last Refresh:
- May 9 at 1:10 am
Property Features for 115 E Pacific Ave & 112 E 1st Ave
General Information
- Standard status
- Active
- Size
- 42,098 SF
- Property subtype
- Office
Building Details
- Year Built
- 1972
Listing agent Jordan Lester, CCIM, MBA License #WA #21008495 (509) 496-6922
Listing office SVN Cornerstone LLC (509) 496-6922
Listing date Nov 21, 2025
Source Svn
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All listing content including descriptions, pricing, images are the copyrighted material of SVN Cornerstone LLC
HighLights
- Entire city block in Spokane's fast‑growing University District.
- NNN leased investment property with combined monthly income of $29,659.51.
- Potential 2‑acre redevelopment site with flexible GC‑150 Zoning and waived parking requirement.
- Excellent location in an opportunity zone near Downtown Spokane and the University District.
- Two buildings totaling 42,098 SF (26,612 SF and 15,486 SF).
- 104 striped parking spaces.
Overview
This NNN leased investment property presents a rare opportunity to own an entire city block within Spokane's rapidly expanding University District. The site offers potential for a 2-acre redevelopment, benefiting from flexible GC-150 Zoning and a waived parking requirement. Its location within an opportunity zone, coupled with close proximity to Downtown Spokane and the University District, enhances its appeal. The property consists of two buildings: 115 E Pacific Ave, comprising 26,612 square feet, and 112 E 1st Ave, offering 15,486 square feet. Currently, the buildings are occupied by Healing Room Ministries and On Fire Ministries. The combined leases for both buildings generate a total of $29,659.51 per month on an NNN basis. The property includes 104 striped parking spaces.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.409
- Latitude
- 47.6569
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - City block with redevelopment potential in Spokane's University District.
Where is this office building located?
The property is located at 115 E Pacific Ave & 112 E 1st Ave Spokane, WA.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: Entire city block in Spokane's fast‑growing University District.; NNN leased investment property with combined monthly income of $29,659.51.; Potential 2‑acre redevelopment site with flexible GC‑150 Zoning and waived parking requirement.
