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Medical Building in Spokane's Medical District
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507 S Washington St, Spokane, WA 99204

Medical building with on-site parking in Spokane's Medical District.

Space Size3,960 SF
Lot Size0.69 Acres
Days on Market2053

Property Features for 507 S Washington St

General Information

Standard status Active
Size 3,960 SF
Lot size 0.69 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 507 S Washington St
Washington Medical Building $6/SF/Yr
Size 3,960 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
Sublease No
AVAILABLE FOR SALE OR LEASE Parcel Number | 35191.4514 Site Size | 30,000 SF Zoning | CB-150 (Commercial Business 150') -Building elevator -On-site parking -Located in the Medical District on the SE corner of Washington & 5th Avenue
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Listing Agency: Kiemle Hagood
Listed By: Tim Kestell · License #84800
Source: Moodyscre
Added: Feb 26, 2021 Changed: Sep 11 Last Checked: Oct 9 at 9:43PM

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.

The Washington Medical Building is situated on a lot of approximately 30,000 square feet, identified by parcel number 35191.4514. The property is zoned CB-150 (Central Business 150’). It features a building elevator and on-site parking. Located in the Medical District on the southeast corner of Washington Street and 5th Avenue, the building has available suites. Suite #10 offers approximately 3,960 rentable square feet at $6.00 per rentable square foot on a NNN lease. Suite #101 provides approximately 3,514 rentable square feet at $22.00 per rentable square foot on a NNN lease.

Key Highlights

  • Located in the Medical District on the SE corner of Washington Street & 5th Avenue
  • On‑site parking
  • Building elevator

Property Analytics

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Open 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 Carpet & Flooring Store Clothing & Fashion 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

Location Intelligence

Trade Area within ½ mile

7,297
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Medical Office Space - Medical building with on-site parking in Spokane's Medical District.
Where is this medical office space located?
The property is located at 507 S Washington St Spokane, WA.
What is the lease rate?
The lease rate is $6 SF/Yr.
What are key features of this property?
This property features: Located in the Medical District on the SE corner of Washington Street & 5th Avenue; On‑site parking; Building elevator
(509) 755-7542 Call to check price and availability
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