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Renovated Apartment Building Restaurant Opportunity
For Lease
Contact for pricing

120 W 3rd Ave, Spokane, WA 99201

Restaurant space available in renovated downtown Spokane apartment building.

Space Size4,148 SF
Days on Market267

Property Features for 120 W 3rd Ave

General Information

Standard status Active
Size 4,148 SF
Property subtype Retail

Building Details

Building Size 4,148 SF
Year Built 1964

Spaces For Lease

at 120 W 3rd Ave Contact us

Restaurant

Size
4,148 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: SVN Retter & Company
Listed By: Taylor Gibbons
Source: Svn
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: May 9 at 1:08AM

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 Retter & Company

Investment Insights

Based on property information with market context.

This is a restaurant opportunity within The Imperial, a newly renovated project in Downtown Spokane. The former hotel is being renovated into 93 modern apartments. The buildings and pool area are undergoing complete renovation. The available restaurant space is suitable for an experienced operator with a concept that complements the apartment project's atmosphere. The property has a size of 4148 square feet. The owners are prioritizing the right concept and operator. The property is located in Spokane, WA.

Key Highlights

  • Opportunity to operate a restaurant within The Imperial, a brand new downtown Spokane apartment renovation project.
  • The Imperial project features 93 renovated hotel rooms converted into modern apartments, creating a built‑in customer base.
  • Complete renovation of all buildings and the pool area, offering a fresh and appealing environment.

Property Analytics

Current Use

The Imperial Apartment Complex Evergreen Hotel & Suites Hotel & Motel 120 W 3rd ... Parking Lot & Garage

Suggested Use

Top Pick Building Supply Locksmith Pet Grooming Service Kitchen & Bath Showroom Carpet & Flooring Store Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

508
Businesses Nearby
Under-served
Demand for This Use

Demographics for 99201, WA

15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Similar Off Market Nearby

  • Red Rock Catering 321 W 8th Ave, Spokane, WA 99204
  • Nectar Catering and Events 120 N Stevens St, Spokane, WA 99201
  • Just A Couple Of Moms Catering 120 N Stevens St, Spokane, WA 99201
  • Pasefika Sweet & Savory 522 W Riverside Ave Suite 4336, Spokane, WA 99201
  • Good 'Dilla Quesadillas 808 W Main Ave FC-3, Spokane, WA 99201

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant space available in renovated downtown Spokane apartment building.
Where is this restaurant located?
The property is located at 120 W 3rd Ave Spokane, WA.
What are key features of this property?
This property features: Opportunity to operate a restaurant within The Imperial, a brand new downtown Spokane apartment renovation project.; The Imperial project features 93 renovated hotel rooms converted into modern apartments, creating a built‑in customer base.; Complete renovation of all buildings and the pool area, offering a fresh and appealing environment.
More about this property
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