Commercial Zoned Spa
1321 W Northwest Blvd Spokane, WA 99205
For Sale
$350,000
COMMERCIAL - Spokane, WA
Property Size1,541 SF
Lot Size0.08 Acres
Price / SF$227.13
Days on Market111
Property Features for 1321 W Northwest Blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commercial
- Rooms
- Basement
- Interior features
- High Speed Internet
- Exterior features
- Lighting, Handicap Access, Lawn
- Basement
- Unfinished
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 35073.2101
- Size
- 1,541 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- See Attached
- Tax Annual Amount
- 1431
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1907
- Building materials
- Wood Siding, Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Designed Realty
(509) 939-6686
Listed By:
Katy Azar · License #SP52947
(509) 768-7977
Added: Apr 6
Changed: Jul 21
Last Checked: Jul 25 at 8:06AM
MLS# 26-3949
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial/business zoned building offers a well-maintained interior and exterior with newer roof (about 6 months old), fresh paint, and a ramp for access. An option is available to acquire the property as a turn-key spa setup, including two hair stations, a nail salon, and three spa rooms upstairs.
Located on a very busy Northwest Blvd corridor in Spokane, the property is positioned among established businesses and surrounding neighborhoods. Off-street parking is available, with additional parking behind the building.
The space can be kept as a salon/spa or adapted for other uses such as retail, office, or live-and-work arrangements, depending on your business needs.
Located on a very busy Northwest Blvd corridor in Spokane, the property is positioned among established businesses and surrounding neighborhoods. Off-street parking is available, with additional parking behind the building.
The space can be kept as a salon/spa or adapted for other uses such as retail, office, or live-and-work arrangements, depending on your business needs.
Key Highlights
- Commercial/business‑zoned building on Northwest Blvd with off‑street parking plus some parking behind the building.
- Two purchase options: buy the building for $350,000 or a turn‑key spa setup with 2 hair stations, a nail salon, and 3 upstairs spa rooms for +$7,500.
- Year built 1907 with wood siding/frame construction and a composition roof.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $22.20 |
| − Vacancy | −$4.8k | −$3.11 |
| EGI | $29.4k | $19.09 |
| − OpEx | −$7.4k | −$4.77 |
| NOI | $22.1k | $14.32 |
1,541 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$315.2K
$275.8K – $367.8K
NOI $22,066 @ 7.0% cap · market cap 6.30%
Second Best
Mixed Use
$262.9K
$230.1K – $306.8K
NOI $18,405 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$397.6K
$347.9K – $463.8K
NOI $27,830 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nailed by Angeleana
Nail Salon
Bris Esthetics
Hair Salon
Ginny’s Nails & More
Nail Salon
L. Boze Healing ...
Alternative Medicine Practice
A Nu-Yu Salon & Spa
Hair Salon
Similar Off Market Nearby
- Healthy YOU — 731 W Indiana Ave, Spokane, WA 99205
- Acupuncture Center For People — 1428 W Mansfield Ave, Spokane, WA 99205
- Hair by Claire — 1105 N Lincoln St, Spokane, WA 99201
- Elias Lu — 1212 N Post St, Spokane, WA 99201
- HealthSource of Spokane — 524 W Indiana Ave, Spokane, WA 99205
FAQs
What type of property is this?
Spa & wellness property - Well-maintained commercial building with ramp, newer roof, and ample off-street parking, offered as a turn-key spa option.
Where is this spa & wellness property located?
The property is located at 1321 W Northwest Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial/business‑zoned building on Northwest Blvd with off‑street parking plus some parking behind the building.; Two purchase options: buy the building for $350,000 or a turn‑key spa setup with 2 hair stations, a nail salon, and 3 upstairs spa rooms for +$7,500.; Year built 1907 with wood siding/frame construction and a composition roof.
