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Two-Unit Ground-Floor Retail Space
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514 W 1st Ave Unit 1 & 2, Spokane, WA 99201

Open-plan commercial condominium space near downtown restaurants, retail, Riverfront Park, and I-90 access.

Property Size4,338 SF
Price / SF$92.21
Days on Market26

Property Features for 514 W 1st Ave Unit 1 & 2

General Information

Standard status Active
Size 4,338 SF
Property subtype Retail, Office
Zoning DTC

Building Details

Year Built 1906
Units 2
Listing Agency: NAI Black - Spokane
Listed By: Greg Peach · License #25007755
Source: Crexi
Added: Aug 6 Changed: Aug 30 Last Checked: Aug 30 at 4:30PM

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 NAI Black - Spokane

Investment Insights

Based on property information with market context.

This offering includes two commercial condominium units on the ground floor, conveyed together as one retail property. The space features an open floor plan, with Unit 1 comprising approximately 2,300 SF and Unit 2 approximately 2,038 SF, for a combined PropertySize of 4,338 SF. The building dates to 1906, and the property carries DTC zoning.

Located at 514 W 1st Ave in downtown Spokane, the property places occupants near restaurants, retail businesses, and Riverfront Park. Interstate 90 is also readily accessible from the site.

Key Highlights

  • Two ground‑floor commercial condominium units sold together
  • Approximately 4,338 SF combined across both units
  • Unit 1 measures approximately 2,300 SF; Unit 2 approximately 2,038 SF

Property Analytics

Current Use

Avenue 1 Residences Apartment Building

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

6,777
Businesses Nearby

Demographics for 99201, WA

15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value

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?
Retail space - Open-plan commercial condominium space near downtown restaurants, retail, Riverfront Park, and I-90 access.
Where is this retail space located?
The property is located at 514 W 1st Ave Unit 1 & 2 Spokane, WA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two ground‑floor commercial condominium units sold together; Approximately 4,338 SF combined across both units; Unit 1 measures approximately 2,300 SF; Unit 2 approximately 2,038 SF
More about this property
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