Historic Tavern with
2926 N MONROE ST Spokane, WA 99205
2926 N MONROE ST, Spokane, WA, 99205
Contact for pricing
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 Market52
Property Features for 2926 N MONROE ST
General Information
- Standard status
- Active
- Size
- 2,816 SF
- Property subtype
- Retail, Business for Sale
Building Details
- Year Built
- 1933
Listing agency
Windermere Valley Liberty Lake
Listed by
Haley Busby · License #WA 21015569
Source
Crexi
Added: Jun 1 Updated: Jul 21 at 9:19PM Checked: Jul 22 at 4:18AM
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
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
Local Financial Insights For Specialty Retail
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 | $49.0k | $17.40 |
| − Vacancy | −$3.4k | −$1.22 |
| EGI | $45.6k | $16.18 |
| − OpEx | −$11.4k | −$4.05 |
| NOI | $34.2k | $12.14 |
2,816 SF · lease $17.40/SF/yr · vacancy 7.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Hub Tavern
Nightclub
Similar For Sale Nearby
Similar Off Market Nearby
- Vettore — 2010 n madison 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
- 7th Rail — 1911 N Maple St, Spokane, WA 99205
FAQs
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
