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Spokane Retail Opportunity For Sale

21 E Lincoln Rd, Spokane, WA 99208

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For Sale

$2,300,000

18,211 SF retail space on 1.4 acres.

Type:Retail

Property size:

18,211 SF

Price / SF:

$126/SF

HighLights

High‑Traffic Location: Situated in a thriving commercial district of Spokane with ingress/egress access from both N Division St and E Lincoln Rd, ensuring high visibility.
Spacious and Versatile: 18,211 SF of space suitable for various retail or specialty center concepts.
Large Lot with Expansion Potential: 1.4 acres provides ample parking and potential for future expansion.
Flexible Zoning: General Commercial (GC) zoning allows for multiple business types.
Established Market Presence: A long‑standing property in the area, surrounded by a mix of national and local retailers.
Key Access Points: Located near major roads and key commercial hubs, enhancing accessibility.

We can help!

Contact an agent

Andrew Keef

For Sale

$2,300,000

18,211 SF retail space on 1.4 acres.

Type:Retail

Property size:

18,211 SF

Price / SF:

$126/SF

Added:: Nov 21, 2025
Days on Market:: 218
Last Refresh:: May 8 at 8:10 pm

Property Features for 21 E Lincoln Rd

General Information

Standard status: Active
Size: 18,211 SF
Property subtype: Retail

Building Details

Year Built: 1973

We can help!

Contact an agent

Andrew Keef

Listing office SVN Cornerstone LLC

Listing date Nov 21, 2025

Source Svn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN Cornerstone LLC

HighLights

High‑Traffic Location: Situated in a thriving commercial district of Spokane with ingress/egress access from both N Division St and E Lincoln Rd, ensuring high visibility.
Spacious and Versatile: 18,211 SF of space suitable for various retail or specialty center concepts.
Large Lot with Expansion Potential: 1.4 acres provides ample parking and potential for future expansion.
Flexible Zoning: General Commercial (GC) zoning allows for multiple business types.
Established Market Presence: A long‑standing property in the area, surrounded by a mix of national and local retailers.
Key Access Points: Located near major roads and key commercial hubs, enhancing accessibility.

Overview

This retail property, built in 1973, is situated in a thriving commercial district of Spokane. The property features 18,211 square feet of versatile space suitable for various retail or specialty center concepts. The 1.4-acre lot provides ample parking and potential for future expansion or redevelopment. The property is zoned General Commercial (GC), offering flexibility for multiple business types, from retail storefronts to specialty shops. The location is near major roads and key commercial hubs, attracting consistent customer flow. The property has established market presence in an area surrounded by a mix of national and local retailers. The property features ingress and egress access from both N Division St and E Lincoln Rd, enhancing accessibility and traffic flow.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$295.0k	$16.20
− Vacancy	−$25.1k	−$1.38
EGI	$269.9k	$14.82
− OpEx	−$81.0k	−$4.45
NOI	$189.0k	$10.38

18,211 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.70M

$2.36M – $3.15M (±1% cap)

NOI $188,959 @ 7.0% cap · market cap 8.22%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.70M

$4.11M – $5.48M (±1% cap)

NOI $328,891 @ 7.0% cap · market cap 14.30%

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

Property Profile Location Intelligence

Current Use by Public Records

Osaka Buffet Restaurant Osaka Room Sushi ... Restaurant Hakka Hibachi Bar & Pub

Suggested Use

Similar Places Nearby

Mel's Nursery — 8800 n division st, spokane, wa 99218

Location Insight

Map
Local Demand

City: Spokane
County: Spokane
State: Washington
Longitude: -117.41
Latitude: 47.7298

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For sale
Storefront properties
WA
Spokane
99208
21 E Lincoln Rd

What type of property is this?

Storefront property - 18,211 SF retail space on 1.4 acres.

Where is this storefront property located?

The property is located at 21 E Lincoln Rd Spokane, WA.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: High‑Traffic Location: Situated in a thriving commercial district of Spokane with ingress/egress access from both N Division St and E Lincoln Rd, ensuring high visibility.; Spacious and Versatile: 18,211 SF of space suitable for various retail or specialty center concepts.; Large Lot with Expansion Potential: 1.4 acres provides ample parking and potential for future expansion.