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    425-427 W 1St Ave Spokane, WA 99202

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    For Lease
    $1,195,000

    Two-story office/retail building with basement and rooftop deck.

    Property size:
    2,842 SF
    Lot size:
    0.06 Acres

    Property Features for 425-427 W 1St Ave

    General Information

    Size
    2,842 SF
    Lot size
    0.06 Acres

    Source: Kiemle Hagood Agent Brandon Peterson

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

    Overview

    Downtown Spokane Professional Office Building

    Located in the heart of Spokane, this two-story building offers a versatile space suitable for professional office, retail, or live/work use. The property features 4,222 square feet of above-grade space, complemented by a full unfinished basement that offers storage or future build-out potential. The main floor spans 2,842 square feet and includes a reception area, four private offices, an open work area, a full kitchen, and two restrooms, one of which has a shower. The second floor provides 1,380 square feet of space, featuring a reception area, two private offices, a spacious conference room, a full kitchen, and a full bathroom with a shower. Access to a rooftop deck with a pergola enhances the property, offering an ideal space for client meetings or team breaks. Shared elevator access via the adjacent building improves ADA accessibility and convenience. The flexible layout accommodates a variety of professional uses.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Law Firm Auto Repair Shop 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
    -117.4192091
    Latitude
    47.656461

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    FAQs

    What type of property is this?
    Office building - Two-story office/retail building with basement and rooftop deck.
    Where is this office building located?
    The property is located at 425-427 W 1St Ave Spokane, WA.
    What are key features of this property?
    This property features: - Prime downtown Spokane location suitable for office, retail, or live/work use.; - Versatile two-story building with **4,222 SF above-grade space** plus a full unfinished basement.; - Option to purchase ($1,195,000) or lease ($15.00/sq. ft. NNN).
    (509) 998-8162
    Request Owner's contact information
    425-427 W 1St Ave Spokane, WA 99202
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    Spokane, WA 99202
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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
    425-427 W 1St Ave Spokane, WA 99202
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