1924 & 1926 E Sprague Ave Spokane, WA 99202

Listing agency KIEMLE HAGOOD Show Phone

Listed by Brandon Peterson · License #WA

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:05AM Checked: Jul 21 at 2:05AM

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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.

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.

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FAQs

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.