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    OFF-MARKET
    Banks

    627 Sprague Ave, Spokane, WA 99202-2107

    300 SF 1.5 ac lot Built 1954
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US90-0269574
    Property summary
    AI-generated overview

    This exceptional two-story Class B office building, located at 627 E Sprague Ave in Spokane, WA, offers a unique opportunity for businesses seeking flexible and spacious executive office space. The property boasts a total of 35,311 square feet, with a significant 28,800 square feet currently vacant and immediately available for lease. Units can be leased in sizes ranging from a minimum of 5,000 square feet up to the entire 28,800 contiguous square feet. Built in 1954 and situated on a generous 1.5-acre lot, the building provides ample parking with 144 spaces for tenants and their guests. The property is zoned GC and is located in Spokane County, WA, zip code 99202. This prime location offers excellent visibility and accessibility. The building's multiple tenancy structure allows for a diverse range of business configurations. This is an ideal opportunity for a company seeking a prominent presence in Spokane's thriving business community. The substantial vacant space presents a rare chance to customize the office environment to perfectly suit your specific needs and operational requirements. Don't miss this chance to secure a highly desirable office space in a well-established location.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1954
    Total area 300 SF
    Lot 1.5 ac (65,250 SF)
    APN 35173.1003
    UPID US90-0269574
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Employment Screening Services, Inc. Employment Agency
    • American Directions Research Group Advertising Agency
    • Togiveagift Marketing & Advertising Advertising Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Sprague 715 LLC · 10 yrs held
    Sprague 715 LLC
    since 2015
    7 recorded transactions
    2021
    2015
    $2.6M
    2012
    $2,971
    2004
    $183,784
    2004
    2004
    $183,793
    2004
    $227,723
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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