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Medical Office Space For Rent
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601 W 5th, Spokane, WA

Five-story medical office building in a flourishing medical corridor.

Space Size1,740 SF - 5,369 SF
Lot Size1.22 Acres
Days on Market3765

Property Features for 601 W 5th

General Information

Standard status Active
Size 1,740 SF - 5,369 SF
Lot size 1.22 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 601 W 5th Contact us

Available Space $25/SF/Yr

Size
5,369 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
Property Information: • Five-story medical office building located in a flourishing...
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Available Space $25/SF/Yr

Size
1,740 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
Tax iD #: 35191.4207; 35191.4208
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Listing Agency: Goodale & Barbieri Company
Listed By: Cory Barbieri · License #B92954
Source: Moodyscre
Added: May 24, 2016 Changed: Sep 3 Last Checked: Sep 12 at 7:59AM

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 Goodale & Barbieri Company

Investment Insights

Based on property information with market context.

This five-story medical office building is situated in a thriving medical corridor, specifically within the Hospital District and accessible via a bus line. The property is adjacent to Deaconess Medical Center, located one block east of Shriner’s Hospital for Children, and one mile west of both Providence Sacred Heart Medical Center & Children’s Hospital and St. Luke’s Rehabilitation Institute. It also offers convenient freeway access. The available space on the 1st floor measures approximately 5,369 square feet. The asking rate is $26.00 per square foot, offered as a full-service lease. A tenant improvement allowance of $50 per square foot is available for a 5-year deal, along with 3 months of free rent, excluding the construction term. Tax IDs for the property are 35191.4207 and 35191.4208.

Key Highlights

  • Prime location in a flourishing medical corridor within the Hospital District.
  • Adjacent to Deaconess Medical Center and near other major hospitals.
  • Generous tenant improvement allowance of $50/SF on a 5‑year deal, plus 3 months free rent.

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Furniture & Home Goods Grocery & Convenience Store Butcher Parking Lot & Garage Cafe & Coffee Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

173
Businesses Nearby
Well-served
Demand for This Use
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Five-story medical office building in a flourishing medical corridor.
Where is this medical office space located?
The property is located at 601 W 5th Spokane, WA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Prime location in a flourishing medical corridor within the Hospital District.; Adjacent to Deaconess Medical Center and near other major hospitals.; Generous tenant improvement allowance of $50/SF on a 5‑year deal, plus 3 months free rent.
(509) 999-9324 Call to check price and availability
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