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University District Medical Building ForSale

324 S Sherman St, Spokane, WA

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For Sale

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Two-building medical property in University District, Spokane, Washington.

Type:OFFICE

Property size:

21,895 SF

Lot size:

1.18 Acres

Price / SF:

$392/SF

HighLights

Investment opportunity with established tenants leasing back a majority of the premises.
Substantial net rentable area of 20,695 SF across two buildings.
Large 1.34‑acre site in the University District.
Main building offers 18,160 SF of space.
Includes a separate 2,535 SF aesthetics spa building.
Opportunity to acquire a property with a long‑time, highly respected dermatology practice as a tenant.

We can help!

Listing Contact

Steve Mc Intosh

For Sale

Contact for pricing

Two-building medical property in University District, Spokane, Washington.

Type:OFFICE

Property size:

21,895 SF

Lot size:

1.18 Acres

Price / SF:

$392/SF

Added:: Mar 19, 2024
Days on Market:: 818
Last Refresh:: May 20 at 8:13 pm

Property Features for 324 S Sherman St

General Information

Standard status: Active
Size: 21,895 SF
Lot size: 1.18 Acres
Property subtype: OFFICE

Properties For Sale

at 324 S Sherman St Contact us

We can help!

Listing Contact

Steve Mc Intosh

Listing agent Steve Mc Intosh

Listing office Kiemle Hagood

Listing date Mar 19, 2024

Source Moodyscre

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 Kiemle Hagood

HighLights

Investment opportunity with established tenants leasing back a majority of the premises.
Substantial net rentable area of 20,695 SF across two buildings.
Large 1.34‑acre site in the University District.
Main building offers 18,160 SF of space.
Includes a separate 2,535 SF aesthetics spa building.
Opportunity to acquire a property with a long‑time, highly respected dermatology practice as a tenant.

Overview

This property features two buildings with a total of 20,695 square feet of net rentable space. The main building provides 18,160 square feet, while the aesthetics spa building offers 2,535 square feet. Situated on a 1.34-acre site, the property is located in the University District. The current owner, Spokane Dermatology and Werschler Aesthetics, intends to sell and lease back a majority of the premises. The dermatology practice has been established for a long time and is highly respected.

Property Profile Location Intelligence

Current Use by Public Records

Virtual Dermatologic (Bike/Boat/Book/etc) Store PawDoc (Bike/Boat/Book/etc) Store Spokane Dermatology Clinic Physician Premier Clinical Research Factory 3rd and Sherman Allergy Physician

Suggested Use

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Location Insight

Map
Local Demand

City: Spokane
County: Spokane
State: Washington
Longitude: -117.403
Latitude: 47.6529

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What type of property is this?

Medical Office Space - Two-building medical property in University District, Spokane, Washington.

Where is this medical office space located?

The property is located at 324 S Sherman St Spokane, WA.

What is the asking price?

The asking price for this property is $8,600,000.

What are key features of this property?

This property features: Investment opportunity with established tenants leasing back a majority of the premises.; Substantial net rentable area of 20,695 SF across two buildings.; Large 1.34‑acre site in the University District.

324 S Sherman St, Spokane, WA

Two-building medical property in University District, Spokane, Washington.

Property Features for 324 S Sherman St

General Information

Properties For Sale

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Versatile Spokane Commercial Warehouse Space

Spokane Commercial Property For Sale

Spokane 10-Unit Apartment Building

Renovated Multi-Structure Multifamily Property

Spokane Duplex: Investment Opportunity

Spokane Ranch Duplex: Investor Opportunity

New Duplex Near University District

New Duplex Near Downtown Spokane

2016-Built Duplex Townhouse Units

South Hill Adult Family Home

Spokane Commercial Flex Space Available

Spokane Garage Lodge Automotive Space

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