Retail and Warehouse Flex
210-222 S Washington St Spokane, WA 99201
For Sale
Contact for pricing
Street-facing retail and showroom connect to warehouse/storage, with second-floor office and breakroom plus seven customer stalls.
Property Size4,023 SF
Price / SF$173
Days on Market17
Property Features for 210-222 S Washington St
General Information
Standard status
Active
Size
4,023 SF
Property subtype
RETAIL
Listing Agency:
SVN Cornerstone LLC
(509) 499-9229
Listed By:
Matthew Byrd · License ##44400
(509) 499-9229
Source:
Moodyscre
Added: Jul 14
Changed: Jul 29
Last Checked: Jul 29 at 8:57AM
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.
222 S. Washington Street (210–222 S Washington St) is a versatile commercial building offering approximately 4,203 square feet of combined street-level retail/showroom space, warehouse/storage area, and second-floor office and breakroom facilities. The layout supports a range of retail, showroom, distribution, or service-oriented uses.
The property includes seven dedicated customer parking stalls, a noteworthy convenience in the downtown core, along with additional alley access and parking that can support loading, unloading, and day-to-day operations.
Showings are by appointment only; please call the listing agent to schedule so tenants are not disturbed. The building is currently occupied by the Vino Wine Shop.
The property includes seven dedicated customer parking stalls, a noteworthy convenience in the downtown core, along with additional alley access and parking that can support loading, unloading, and day-to-day operations.
Showings are by appointment only; please call the listing agent to schedule so tenants are not disturbed. The building is currently occupied by the Vino Wine Shop.
Key Highlights
- Approximately 4,203 SF versatile commercial space with street‑facing retail/showroom plus warehouse/storage and second‑floor office and breakroom
- Includes 7 dedicated customer parking stalls in the downtown core
- Alley access with additional parking/loading/unloading support for operational efficiency
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 | $89.3k | $22.20 |
| − Vacancy | −$12.5k | −$3.11 |
| EGI | $76.8k | $19.09 |
| − OpEx | −$19.2k | −$4.77 |
| NOI | $57.6k | $14.32 |
4,023 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$822.9K
$720.1K – $960.1K
NOI $57,605 @ 7.0% cap · market cap 8.23%
Second Best
Retail
$596.3K
$521.8K – $695.7K
NOI $41,743 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.04M
$908.2K – $1.21M
NOI $72,655 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Red Rock Catering — 321 W 8th Ave, Spokane, WA 99204
- London's Ultimate Catering — 1110 W Riverside Ave, Spokane, WA 99201
- Nordic Smoke Bbq Food Truck (follow on socials) — Spokane, WA 99201
- Pasefika Sweet & Savory — 522 W Riverside Ave Suite 4336, Spokane, WA 99201
- Tamarack Event House and Catering — 912 W Sprague Ave, Spokane, WA 99201
Frequently Asked Questions
What type of property is this?
Flex space - Street-facing retail and showroom connect to warehouse/storage, with second-floor office and breakroom plus seven customer stalls.
Where is this flex space located?
The property is located at 210-222 S Washington St Spokane, WA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Approximately 4,203 SF versatile commercial space with street‑facing retail/showroom plus warehouse/storage and second‑floor office and breakroom; Includes 7 dedicated customer parking stalls in the downtown core; Alley access with additional parking/loading/unloading support for operational efficiency
