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    1520 3Rd Ave Spokane, WA 99201

    For Lease
    $10 SF/Yr

    Prime Spokane location, multiple suites available.

    Lot size:
    30,166 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional medical and traditional office building, located at 1520 W 3rd Ave in Spokane, WA, 99201, offers a rare opportunity. The property boasts a total of 30,166 square feet situated on a generous 1.76-acre lot (approximately 76,500 square feet). Currently, there are two available office spaces ranging from 3,439 to 3,795 square feet, ideal for a variety of medical or professional practices. The building is zoned DTC (Downtown General), providing flexibility for various uses. Ample parking is available with approximately 94 stalls, offering a convenient 3.4 spaces per 1,000 square feet. The property's location in Spokane's vibrant downtown core provides excellent visibility and accessibility. The property's APN is 25241.2511, and it's situated in Spokane County. This is a multi-tenant building presenting a strong investment opportunity in a desirable location. The building's size and parking capacity make it suitable for a range of businesses seeking a prominent presence in the Spokane market. Contact us today to learn more about this exceptional property and the available suites.

    Property Features for 1520 3Rd Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,166 SF
    Total Rate
    25138.33

    Unit(s) available at that property

    Space
    Suite 100B
    Size
    3,439 SF
    Rate per SF
    $10
    Space
    Suite 200B
    Size
    3,795 SF
    Rate per SF
    $10

    HighLights

    • Class A Professional & Medical Office Building.
    • Convenient CBD Fringe Location.
    • On‑site Conference Facility.
    • Tenant Amenity Package including Fitness Center and Bike Storage.
    • Redundant Power System: 450 KW Backup Generator & 1200‑gallon Fuel Tank.
    • Secured Access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OmniPark Software Company Agents Ally Software Company Northwest Neurology Neurologist Colleen Moore Nurse Practitioner Emiliana Fiesta Banquet Hall

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm 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
    -117.4351325
    Latitude
    47.6538889

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    FAQs

    What type of property is this?
    Medical office - Prime Spokane location, multiple suites available.
    Where is this medical office located?
    The property is located at 1520 3Rd Ave Spokane, WA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Class A Professional & Medical Office Building.; Convenient CBD Fringe Location.; On-site Conference Facility.
    Request Owner's contact information
    1520 3Rd 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
    1520 3Rd Ave Spokane, WA 99201
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