Retail Space with Storefront
1311 W Sprague Ave, Spokane, WA 99201
For Sale
New
Contact for pricing
Open layout supports retail, office, or studio use, with direct entry from W Sprague Avenue.
Property Size15,212 SF
Price / SF$0.01
Days on Market2
Property Features for 1311 W Sprague Ave
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Road Access
Building Details
Building Size
Year Built
Construction
Properties For Sale
at 1311 W Sprague Ave
Former Hatchets
Size
1,775 SF
Term
Negotiable
Listing Agency:
SVN Cornerstone LLC
Listed By:
Danny Patterson · License #WA #114652
(509) 209-7455
Source:
Svncornerstone
Added: Nov 8
Last Checked: Nov 8 at 2:46PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,775-square-foot retail space has an open plan and large storefront windows. A brick exterior and exposed interior details contribute to its physical character. The layout is suitable for retail, office, or studio use, with a direct entrance from W Sprague Avenue.
The space is next to and directly connected to Brick West Brewing Co., a brewery and event venue in downtown Spokane. The building dates to 1917.
The space is next to and directly connected to Brick West Brewing Co., a brewery and event venue in downtown Spokane. The building dates to 1917.
Key Highlights
- 1,775‑square‑foot open‑plan retail space
- Direct entrance from W Sprague Avenue and large storefront windows
- Adjacent to and connected with Brick West Brewing Co.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,418
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,360
$368.4K
Cap Rate 7%
$263,114
$263.1K
Cap Rate 9%
$204,644
$204.6K
Market Conditions
NOI Build-Up for 1,775 SF
Gross rent
$28.8K $16.20/SF
− Vacancy
−$2.4K −$1.38/SF
EGI
$26.3K $14.82/SF
− OpEx
−$7.9K −$4.45/SF
NOI
$18.4K $10.38/SF
Area
Spokane, WA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,360
Cap Rate 7%
$263,114
Cap Rate 9%
$204,644
Alternative Uses
Best Use
Retail
$263.1K
$230.2K – $307.0K
NOI $18,418 @ 7.0% cap · market cap 153,483.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.0K
$400.7K – $534.3K
NOI $32,057 @ 7.0% cap · market cap 267,141.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
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
$259,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Spokane, WA
Properties on Market for Retail space in Spokane
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Open layout supports retail, office, or studio use, with direct entry from W Sprague Avenue.
Where is this retail space located?
The property is located at 1311 W Sprague Ave Spokane, WA.
What are key features of this property?
This property features: 1,775‑square‑foot open‑plan retail space; Direct entrance from W Sprague Avenue and large storefront windows; Adjacent to and connected with Brick West Brewing Co.
