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Downtown Spokane Professional Office Building
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425-427 W 1st Ave, Spokane, WA

Two-story office/retail building with basement and rooftop deck.

Space Size1,380 SF - 2,842 SF
Lot Size0.06 Acres
Days on Market524

Property Features for 425-427 W 1st Ave

General Information

Standard status Active
Size 1,380 SF - 2,842 SF
Lot size 0.06 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 425-427 W 1st Ave Contact us

Downtown Mixed-Use Commercial Building $13/SF/Yr

Floor
1st
Size
2,842 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
For Sale or Lease: Professional Office/Retail or Live/Work Building in the Heart...
show more
Contact us

Downtown Mixed-Use Commercial Building $13/SF/Yr

Floor
2nd
Size
1,380 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
For Sale or Lease: Professional Office/Retail or Live/Work Building in the Heart...
show more
Contact us
Listing Agency: Kiemle Hagood
Listed By: Dominic Dickerson
Source: Moodyscre
Added: Mar 25, 2025 Changed: Aug 14 Last Checked: Aug 29 at 11:35AM

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

Investment Insights

Based on property information with market context.

Located in the heart of Spokane, this two-story building offers a versatile space suitable for professional office, retail, or live/work use. The property features 4,222 square feet of above-grade space, complemented by a full unfinished basement that offers storage or future build-out potential. The main floor spans 2,842 square feet and includes a reception area, four private offices, an open work area, a full kitchen, and two restrooms, one of which has a shower. The second floor provides 1,380 square feet of space, featuring a reception area, two private offices, a spacious conference room, a full kitchen, and a full bathroom with a shower. Access to a rooftop deck with a pergola enhances the property, offering an ideal space for client meetings or team breaks. Shared elevator access via the adjacent building improves ADA accessibility and convenience. The flexible layout accommodates a variety of professional uses.

Key Highlights

  • Prime downtown Spokane location suitable for office, retail, or live/work use.
  • Versatile two‑story building with 4,222 SF above‑grade space plus a full unfinished basement.
  • Option to purchase ($1,195,000) or lease ($15.00/sq. ft. NNN).

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,537
Businesses Nearby

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office/retail building with basement and rooftop deck.
Where is this office building located?
The property is located at 425-427 W 1st Ave Spokane, WA.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Prime downtown Spokane location suitable for office, retail, or live/work use.; Versatile two‑story building with **4,222 SF above‑grade space** plus a full unfinished basement.; Option to purchase ($1,195,000) or lease ($15.00/sq. ft. NNN).
(509) 998-8162 Call to check price and availability
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