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    707-721 West Main Ave Spokane, WA 99201

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    For Sale
    $5,499,000

    Historic building with conversion or office use potential in Spokane.

    Property size:
    253,194 SF
    Lot size:
    1.38 Acres

    Property Features for 707-721 West Main Ave

    General Information

    Size
    253,194 SF
    Lot size
    1.38 Acres

    Source: Jones Lang LaSalle Agent Michael Sharapata

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

    Overview

    Downtown Spokane Investment Opportunity

    The Crescent Building at 707 W Main Avenue offers an investment opportunity in downtown Spokane. The offering includes floors 2-7, encompassing approximately 181,796 square feet, and the lower level, which spans approximately 50,102 square feet, totaling approximately 253,194 square feet. The first-floor retail space is excluded from this offering and remains under separate ownership. This historic landmark in Spokane's Central Business District presents flexible options for investors, including residential conversion, with an architect-designed 90-unit plan available, or continued office use. The property benefits from its location within an Opportunity Zone and the potential for Historic Tax Credits.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4224624
    Latitude
    47.6588214

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    FAQs

    What type of property is this?
    Office building - Historic building with conversion or office use potential in Spokane.
    Where is this office building located?
    The property is located at 707-721 West Main Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $5,499,000.
    What are key features of this property?
    This property features: - Significant ±253,194 SF available in downtown Spokane.; - Flexible options for residential conversion (90-unit plan available) or continued office use.; - Located in Spokane's thriving Central Business District.
    (925) 457-6966
    Request Owner's contact information
    707-721 West Main Ave Spokane, WA 99201
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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
    707-721 West Main Ave Spokane, WA 99201
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