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    601 5Th Ave Spokane, WA 99201

    For Lease
    $22 SF/Yr

    Prime Medical Office Suites Available Now

    Lot size:
    6,979 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional five-story Class A medical office building, totaling 0 square feet, offers two immediately available suites within Spokane County's thriving medical corridor. Located in the Hospital District and conveniently situated on a bus line, this property boasts unparalleled access to major medical facilities. It's adjacent to Deaconess Medical Center, one block east of Shriner's Hospital for Children, and within one mile of Providence Sacred Heart Medical Center & Children's Hospital. The building itself is part of a flourishing medical hub, also near St. Luke's Rehabilitation Institute, and offers excellent freeway access for patient and staff convenience. Currently, 5,369 square feet of first-floor space is available, ranging from approximately 1,610 square feet to the full 5,369 square feet. For tenants signing a five-year lease, a generous tenant improvement allowance of $50 per square foot is offered, along with three months of free rent (excluding the construction period). This presents a unique opportunity for medical practices seeking a prestigious location with significant incentives. The building's multiple tenancy structure ensures a diverse and vibrant professional environment. Don't miss this chance to establish your practice in a highly sought-after medical destination.

    Property Features for 601 5Th Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,979 SF
    Class
    A

    Building Details

    Stories
    5

    Unit(s) available at that property

    Space
    Suite 102
    Size
    5,369 SF
    Rate per SF
    $22
    Space
    Suite 302
    Size
    1,610 SF
    Rate per SF
    $22

    HighLights

    • Class A, five‑story medical office building in Spokane County.
    • 5,369 square feet of vacant space available, with two suites ranging from 1,610 to 5,369 square feet.
    • Located in a thriving medical corridor, adjacent to Deaconess Medical Center and near other major hospitals.
    • Excellent freeway access and public transportation (bus line).
    • Tenant improvement allowance of $50 per square foot and three months of free rent (excluding construction) offered on a five‑year lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thomas Kwiatkowski, MD Hospital NWOS Orthopedic Clinic Inspire Physical & Hand ... Physical Therapy Clinic Jesse Brouwer, PT, ... Physical Therapist Spokane Occupational & Hand ... Occupational Therapist

    Suggested Use

    Restaurant Dental Office Law Firm Hair Salon Realty agency Spa & Massage Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4216192
    Latitude
    47.6511196

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Suites Available Now
    Where is this medical office located?
    The property is located at 601 5Th Ave Spokane, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Class A, five-story medical office building in Spokane County.; 5,369 square feet of vacant space available, with two suites ranging from 1,610 to 5,369 square feet.; Located in a thriving medical corridor, adjacent to Deaconess Medical Center and near other major hospitals.
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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
    601 5Th Ave Spokane, WA 99201
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