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Medical District Office Space
For Lease
$22 SF/Yr

507 S Washington Street, Spokane, WA 99204

Office space available for sale or lease in Medical District.

Space Size3,514 SF
Property Size19,505 SF
Lot Size0.69 Acres
Days on Market223

Property Features for 507 S Washington Street

General Information

Standard status Active
Size 3,514 SF
Class C
Lot size 0.69 Acres
Property subtype Office
Lease Term Full Service

Building Details

Building Size 19,505 SF

Spaces For Lease

at 507 S Washington Street Contact us

Suite 101 (Sublease) $22/SF/Yr

Size
3,514 SF
Term
Negotiable
Contact us
Listing Agency: Black Commercial, Inc.
Listed By: Jeff McGougan
Source: Naiblack
Added: Jan 27 Changed: Sep 5 Last Checked: Sep 7 at 7:10AM

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 Black Commercial, Inc.

Investment Insights

Based on property information with market context.

This office space, situated on a 30,000 square foot site, is located in the Medical District on the southeast corner of Washington Street and 5th Avenue. The property is zoned CB-150 (Commercial Business 150'). The building features a building elevator and on-site parking. The property has a size of 3,960 square feet and is available for sale or lease.

Key Highlights

  • Located in the Medical District on the SE corner of Washington & 5th Avenue
  • Zoning: CB‑150 (Commercial Business 150')
  • Site Size: 30,000 SF

Property Analytics

Current Use

Jesse Garcia, PT Physician Christiian T. Lewis, ... Physician Inland Pain Specialists Physician Corey Plaster Dental Office Jamelynn B. Mark, ... Physician

Suggested Use

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

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,297
Businesses Nearby

Demographics for 99204, WA

7,000
Population
4,357
Households
1.6
Avg Household Size
34
Median Age
37%
College-Educated
93%
High-School Grad
1.0 sq mi
ZIP Area
7,000
Density / Sq Mi
$50,266
Median Household Income
$39,036
Median Earnings
$1,103
Median Rent
$355,700
Median Home Value

Market

Lease Benchmarks for Spokane, WA

$16.24 /SF/Yr
Avg Asking Price
$9–$22 /SF/Yr
Price Range
6,339 SF
Avg Space Size

This space is priced 35% above the average of $16.24 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space available for sale or lease in Medical District.
Where is this office units located?
The property is located at 507 S Washington Street Spokane, WA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Located in the Medical District on the SE corner of Washington & 5th Avenue; Zoning: CB‑150 (Commercial Business 150'); Site Size: 30,000 SF
More about this property
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