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    2515 Sprague Ave Spokane, WA 99202

    Sponsored
    For Sale
    $425,000

    Prime Spokane Retail Space, High Traffic

    Property size:
    5,315 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,315 square foot storefront property at 2515 E Sprague Ave in Spokane, Washington, presents a compelling investment opportunity. Built in 1929, the building sits on approximately 12,000 square feet of land and is zoned CC1-EC, offering versatility for a range of retail uses. The property boasts ample onsite parking, a significant advantage in a high-traffic area. Located on E Sprague Avenue, it benefits from a substantial daily traffic count of 15,200 vehicles, ensuring high visibility and potential customer reach. The property's size and zoning make it an ideal live/work space, further enhancing its appeal. The asking price is $425,000. The property's parcel number is 35164.2509. This well-situated storefront offers a unique blend of historical charm and modern commercial potential, making it an attractive prospect for discerning investors seeking a strong foothold in the Spokane retail market. The single building presents a manageable and potentially highly profitable investment. Its location and features combine to create a strong foundation for success.

    Property Features for 2515 Sprague Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,315 SF

    Building Details

    Year Built
    1929
    Buildings
    1

    HighLights

    • 5,315 SF storefront at 2515 E Sprague Ave, Spokane, WA.
    • Situated on a 12,000 SF lot, zoned CC1‑EC.
    • Ample on‑site parking.
    • High visibility location with 15,200 daily vehicle traffic count.
    • Live/work potential.
    • Asking price: $425,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gray Dog Press Publisher Ditto's Digital Solutions Print Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.37314197375
    Latitude
    47.657284928803

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    FAQs

    What type of property is this?
    Individual retail property - Prime Spokane Retail Space, High Traffic
    Where is this individual retail property located?
    The property is located at 2515 Sprague Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 5,315 SF storefront at 2515 E Sprague Ave, Spokane, WA.; Situated on a 12,000 SF lot, zoned CC1-EC.; Ample on-site parking.
    Request Owner's contact information
    2515 Sprague Ave Spokane, WA 99202
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    Spokane, WA 99202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2515 Sprague Ave Spokane, WA 99202
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