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Stepping Stones Professional Office Building
For Sale
$6,500,000

1515 Technology Blvd, Spokane, WA 99224

Well-maintained medical office building with leaseback opportunity in Spokane, WA.

Days on Market148

Property Features for 1515 Technology Blvd

General Information

Standard status Active
Property subtype Office

Building Details

Year Built 2005
Listing Agency: SVN Cornerstone LLC
Listed By: Danny Patterson · License #WA #114652
Source: Svn
Added: Mar 5 Changed: Jul 10 Last Checked: Jul 30 at 5:38AM

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 Cornerstone LLC

Investment Insights

Based on property information with market context.

The Stepping Stones Professional Office Building is a well-maintained, owner-occupied professional office property offered for sale with a leaseback to the operating business. The property is home to Stepping Stones, a family-centered pediatric therapy practice providing physical therapy, occupational therapy, speech therapy, and feeding therapy services. The leaseback structure offers investors the opportunity to acquire a stabilized asset supported by a medical tenant with an established operating history and a strong reputation in the community. The building includes multiple physical therapy rooms, offices, an indoor playground, a kitchen, a lobby, a waiting area, long hallways, multiple restrooms, and a staff room. A complete, high-quality remodel was completed between 2022 and 2023. Centrally positioned in Spokane, WA, the area surrounding the Stepping Stones Professional Office Building boasts convenient access to both I-90 and the Spokane International Airport. The property is located in the growing Airway Heights market with direct access off Sunset Highway, within the growing Pacific Northwest Technology Park, positioning it at the forefront of Spokane's evolving technological landscape. This location provides connectivity for business travelers and easy access for commuters, making it an ideal choice for investors seeking to capitalize on the area's expanding technology and business sectors.

Key Highlights

  • Leaseback opportunity with established medical tenant
  • Recently remodeled (2022‑2023) with high‑quality finishes
  • Strategic location in Spokane, WA, with convenient access to I‑90 and Spokane International Airport

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Plumbing Service Locksmith Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Bakery

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

Location Intelligence

Trade Area within ½ mile

64
Businesses Nearby
Well-served
Demand for This Use

Demographics for 99224, WA

24,085
Population
10,559
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
118.8 sq mi
ZIP Area
203
Density / Sq Mi
$76,785
Median Household Income
$50,678
Median Earnings
$1,290
Median Rent
$439,700
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Well-maintained medical office building with leaseback opportunity in Spokane, WA.
Where is this medical office space located?
The property is located at 1515 Technology Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Leaseback opportunity with established medical tenant; Recently remodeled (2022‑2023) with high‑quality finishes; Strategic location in Spokane, WA, with convenient access to I‑90 and Spokane International Airport
More about this property
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