Renovated Brick Retail and Mixed-Use
For Sale
Contact for pricing
Pending
1924 & 1926 E Sprague Ave, Spokane, WA 99202
Brick retail building renovated in 2020 plus an additional retail parcel with upstairs renovation opportunity.
Property Size6,800 SF
Days on Market112
Property Features for 1924 & 1926 E Sprague Ave
General Information
Standard status
Pending
Size
6,800 SF
Property subtype
Land, Mixed Use, Multifamily, Retail
Additional Details
Business Included
Yes
Building Details
Year Built
1904
Year Renovated
2020
Tenancy
Multi
Listing Agency:
KIEMLE HAGOOD
(509) 838-6541
Listed By:
Brandon Peterson · License #WA
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 30 at 10:53AM
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 KIEMLE HAGOOD
Investment Insights
Based on property information with market context.
The offering includes three parcels featuring two retail buildings at 1924 and 1926 E Sprague Ave. The 1926 property is a brick building built in 1904 and renovated in 2020 with updates including a new roof, electrical work, flooring, insulation, paint, exposed brick, fixtures, vinyl windows, and skylights. The building is reported as 6,800 sq. ft., with an additional full unfinished basement that can be used for storage.
The 1924 E Sprague building is described as a retail-type structure with approximately 1,250 sq. ft. per floor and upstairs down to the studs. The ground-level retail space could potentially be remodeled, and there is potential for adding apartments upstairs. The owner also has architectural renderings for a 16-unit apartment building with retail on the ground level.
The 1926 building is currently reported to be generating $8,950 per month.
The 1924 E Sprague building is described as a retail-type structure with approximately 1,250 sq. ft. per floor and upstairs down to the studs. The ground-level retail space could potentially be remodeled, and there is potential for adding apartments upstairs. The owner also has architectural renderings for a 16-unit apartment building with retail on the ground level.
The 1926 building is currently reported to be generating $8,950 per month.
Key Highlights
- Portfolio includes 3 parcels: 1926 E Sprague, 1924 E Sprague, plus an additional parcel.
- 1926 E Sprague is a 1904 brick building renovated in 2020 with new roof, electrical, flooring, insulation, paint, vinyl windows, skylights, and fixtures.
- 1926 E Sprague totals 6,800 SF (not including a full unfinished basement) and is currently generating $8,950/month.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 99202, WA
21,969
Population
8,296
Households
2.6
Avg Household Size
31
Median Age
33%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
3,724
Density / Sq Mi
$61,323
Median Household Income
$31,892
Median Earnings
$1,070
Median Rent
$268,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Brick retail building renovated in 2020 plus an additional retail parcel with upstairs renovation opportunity.
Where is this retail space located?
The property is located at 1924 & 1926 E Sprague Ave Spokane, WA.
What are key features of this property?
This property features: Portfolio includes 3 parcels: 1926 E Sprague, 1924 E Sprague, plus an additional parcel.; 1926 E Sprague is a 1904 brick building renovated in 2020 with new roof, electrical, flooring, insulation, paint, vinyl windows, skylights, and fixtures.; 1926 E Sprague totals 6,800 SF (not including a full unfinished basement) and is currently generating $8,950/month.
