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    3301 N Monroe St Spokane, WA 99205

    For Sale
    $800,000

    Free-standing building with residential home and development potential.

    Lot size:
    0.55 Acres

    Property Features for 3301 N Monroe St

    General Information

    Lot size
    0.55 Acres

    Source: Bornhoft Commercial Agent Barb Pielli

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

    Overview

    Spokane Investment Opportunity

    Located in Spokane, WA, this investment opportunity features a 2380 square foot free-standing building constructed in 1957, along with a 1628 square foot residential home containing 2 bedrooms and 1 bathroom, and a 2-car garage. Zoned CC2-DC, the property is suitable for retail enterprises due to its high-traffic location. The flexible layout offers various possibilities for commercial ventures. Vacant lots adjacent to the property provide a combined 0.56 acres of space, presenting an opportunity for expansion or development. City incentives are available for developments in the Spokane Target Investment Area. The property consists of three parcels: 35063.3008 (3301 N Monroe St), 35063.3009 (1012 W Alice Ave), and 35063.3001 (1018 W Alice Ave). The property was formerly a barber shop.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4268086
    Latitude
    47.6881813

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      Spokane Mixed-Use Commercial Landmark

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      Spokane Commercial Property For Sale

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    FAQs

    What type of property is this?
    Storefront property - Free-standing building with residential home and development potential.
    Where is this storefront property located?
    The property is located at 3301 N Monroe St Spokane, WA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - High-traffic location ideal for retail enterprises.; - .56 acres of vacant lots offer opportunity for expansion or development.; - City incentives available for developments in the Spokane Target Investment Area.
    (509) 714-5071
    Request Owner's contact information
    3301 N Monroe St Spokane, WA 99205
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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
    3301 N Monroe St Spokane, WA 99205
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