Historic Tavern with
2926 N MONROE ST, Spokane, WA 99205
For Sale
Contact for pricing
Well-maintained tavern sale includes a separate, renovated upstairs one-bedroom, one-bath apartment.
Property Size2,816 SF
Price / SF$234.38
Days on Market162
Property Features for 2926 N MONROE ST
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Stories
Listing Agency:
Windermere Valley Liberty Lake
Listed By:
Haley Busby · License #WA 21015569
(509) 263-5645
Source:
Crexi
Added: Jun 1
Changed: Oct 26
Last Checked: Nov 8 at 7:33AM
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 Windermere Valley Liberty Lake
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Investment Insights
Based on property information with market context.
Offered for sale is Spokane’s second-oldest tavern, The Hub Tavern. The property has been meticulously maintained and thoughtfully updated in recent years, preserving its character while enhancing its appeal.
The tavern is located in the Monroe District, which has been recently revitalized.
In addition to the tavern space, the property includes separate, renovated living quarters upstairs with a one-bedroom, one-bath apartment, providing additional income potential.
The tavern is located in the Monroe District, which has been recently revitalized.
In addition to the tavern space, the property includes separate, renovated living quarters upstairs with a one-bedroom, one-bath apartment, providing additional income potential.
Key Highlights
- Year built 1933—Spokane’s second‑oldest tavern, The Hub Tavern
- Well‑maintained tavern in the recently revitalized Monroe District
- Meticulously maintained with thoughtful updates in recent years while preserving its character
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,176
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,520
$683.5K
Cap Rate 7%
$488,229
$488.2K
Cap Rate 9%
$379,733
$379.7K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$49.0K $17.40/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$45.6K $16.18/SF
− OpEx
−$11.4K −$4.05/SF
NOI
$34.2K $12.14/SF
Area
Spokane, WA
Vacancy
7.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,520
Cap Rate 7%
$488,229
Cap Rate 9%
$379,733
Alternative Uses
Best Use
Specialty Retail
$488.2K
$427.2K – $569.6K
NOI $34,176 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.5K
$635.7K – $847.6K
NOI $50,857 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 99205, WA
44,036
Population
18,791
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
93%
High-School Grad
9.0 sq mi
ZIP Area
4,893
Density / Sq Mi
$72,547
Median Household Income
$42,148
Median Earnings
$1,250
Median Rent
$286,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- 7th Rail — 1911 N Maple St, Spokane, WA 99205
- PJS PUB — 1717 N Monroe St, Spokane, WA 99205
- Prohibition Gastropub — 1914 N Monroe St, Spokane, WA 99205
- Four-Eyed Guys Brewing Co. — 910 W Indiana Ave, Spokane, WA 99205
- Vettore — 2010 n madison st, spokane, wa 99205
Frequently Asked Questions
What type of property is this?
Bar & Pub - Well-maintained tavern sale includes a separate, renovated upstairs one-bedroom, one-bath apartment.
Where is this bar & pub located?
The property is located at 2926 N MONROE ST Spokane, WA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Year built 1933—Spokane’s second‑oldest tavern, The Hub Tavern; Well‑maintained tavern in the recently revitalized Monroe District; Meticulously maintained with thoughtful updates in recent years while preserving its character
