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    1522 Broadway Ave Spokane, WA 99201

    Sponsored
    For Sale
    $1,500,000

    8-unit multifamily with retail space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional investment opportunity in Spokane, WA! This mixed-use building, constructed in 1901, boasts 15,000 square feet on a 0.32-acre lot (APN# 25131.4510). The property is zoned CC1 and features three floors, including a dirt and concrete basement. The first floor offers prime retail or office space, currently owner-occupied, while the second floor comprises eight one-bedroom, one-bathroom units, also currently owner-occupied. Each unit is priced at $187,500, contributing to the building's $1,500,000 asking price. Located at 1522 W Broadway Ave, Spokane, WA 99201, this property enjoys high visibility at the northeast corner of Broadway and N Maple St, offering excellent exposure to traffic. Its strategic location places it in close proximity to desirable Spokane destinations such as Kendall Yards, the Courthouse, Downtown Spokane, Riverpark Square, and the Spokane Arena. This presents a rare chance to acquire a well-situated, established mixed-use property with significant upside potential. The building's age and character offer unique charm, while its location ensures strong rental demand and potential for future appreciation.

    Property Features for 1522 Broadway Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1901
    Units
    8

    HighLights

    • Mixed‑use building totaling 15,000 square feet.
    • .32‑acre parcel.
    • Owner‑occupied; features retail/office space on the ground floor and residential units above.
    • APN: 25131.4510.
    • CC1 zoning.
    • 1901 construction; three stories.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spokane Tree Service ... Tree Service

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Law Firm Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4350322
    Latitude
    47.6646391

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    FAQs

    What type of property is this?
    Multifamily property - 8-unit multifamily with retail space.
    Where is this multifamily property located?
    The property is located at 1522 Broadway Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Mixed-use building totaling 15,000 square feet.; .32-acre parcel.; Owner-occupied; features retail/office space on the ground floor and residential units above.
    (509) 344-4909
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    1522 Broadway Ave Spokane, WA 99201
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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
    1522 Broadway Ave Spokane, WA 99201
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