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Three-Story Retail and Office Building
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525 W 2nd Ave, Spokane, WA 99201

Three-story building with elevator access and basement storage, zoned DTG, suited for retail or office use.

Space Size5,183 SF
Lot Size0.16 Acres
Days on Market485

Property Features for 525 W 2nd Ave

General Information

Standard status Active
Size 5,183 SF
Lot size 0.16 Acres
Property subtype OFFICE
Zoning DTG
Lease Type NNN

Site & Location

Neighborhood Riverside

Amenities

elevator access
basement storage

Building Details

Year Built 1978
Stories 3

Spaces For Lease

at 525 W 2nd Ave
Retail / Office Space $12/SF/Yr
Size 5,183 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
Discover a versatile retail and office property offering endless potential in the heart of downtown Spokane. This three-story, ±16,659 SF building situated on a ±7,100 SF lot and zoned DTG (Downtown General) delivers flexible space ideal for a range of uses. The property features convenient elevator access, basement storage, and multiple levels suitable for both office and retail operations. With excellent visibility and proximity to downtown amenities, this property presents a prime opportunity for a bar, restaurant, convenience store, or mixed-use concept. Built in 1978, the building combines solid structure with adaptable floor layouts, providing a strong foundation for repositioning or investment.
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Listing Agency: Kiemle Hagood
Listed By: Christian Alfaro · License #24028715
Source: Moodyscre
Added: Jul 1, 2025 Changed: Oct 25 Last Checked: Oct 26 at 8:19PM

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

Rey
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Investment Insights

Based on property information with market context.

This three-story retail and office building totals approximately 16,659 SF and sits on a 7,100 SF lot. Built in 1978, the property includes convenient elevator access and basement storage, with multiple levels that can support either office operations or retail uses.

Located at 525 W 2nd Ave in downtown Spokane, the building is zoned DTG (Downtown General). The configuration provides flexible space across floors for tenants seeking a downtown location with both street-level retail-ready space and office-capable areas within the same building.

Key Highlights

  • Three‑story retail/office building totaling 16,659 SF on a 7,100 SF lot
  • Zoned DTG (Downtown General), offering flexible space for retail and office uses
  • Elevator access plus basement storage for convenient building access and extra space

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Volunteers of America Eastern ... Social Service Agency Crosswalk Charitable Organization YouthREACH Charitable Organization

Suggested Use

Top Pick Locksmith Pet Grooming Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tanning Salon 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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,537
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - Three-story building with elevator access and basement storage, zoned DTG, suited for retail or office use.
Where is this office building located?
The property is located at 525 W 2nd Ave Spokane, WA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Three‑story retail/office building totaling 16,659 SF on a 7,100 SF lot; Zoned DTG (Downtown General), offering flexible space for retail and office uses; Elevator access plus basement storage for convenient building access and extra space
(509) 755-7505 Call to check price and availability
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