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Commercial Land with Existing Buildings
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923 W 1st Ave, Spokane, WA 99201

Downtown zoning supports hotel, multifamily, condominium, retail, office, and mixed-use redevelopment.

Property SizeContact for details
Days on Market13

Property Features for 923 W 1st Ave

General Information

Standard status Active
Property subtype RETAIL
Listing Agency: SVN Cornerstone LLC
Listed By: Matthew Byrd · License #44400
Source: Moodyscre
Added: Sep 14 Changed: Sep 23 Last Checked: Sep 26 at 10:49AM

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 SVN Cornerstone LLC

Investment Insights

Based on property information with market context.

The offering includes parcels at 911 and 917 W. 1st Avenue, with approximately 15,531 SF of land and two existing four-level buildings totaling approximately 53,494 SF. Downtown zoning supports substantial building height and density, with redevelopment uses identified for hotel, multifamily, condominium, retail, office, and mixed-use projects.

The property is directly across from the Fox Theater and one block from the Historic Davenport Hotel and Bing Crosby Theater. Restaurants, breweries, shopping, River Park Square, and Riverfront Park are within walking distance. I-90, downtown thoroughfares, the City Line rapid transit route, Spokane Convention Center, and downtown employment and entertainment destinations are nearby.

Key Highlights

  • Approximately 15,531 SF of land
  • Two existing four‑level buildings totaling approximately 53,494 SF
  • 911 and 917 W. 1st Avenue included in the offering

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Fish Market 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.

Location Intelligence

Trade Area within ½ mile

6,072
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
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Downtown zoning supports hotel, multifamily, condominium, retail, office, and mixed-use redevelopment.
Where is this commercial land located?
The property is located at 923 W 1st 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: Approximately 15,531 SF of land; Two existing four‑level buildings totaling approximately 53,494 SF; 911 and 917 W. 1st Avenue included in the offering
(509) 499-9229 Call to check price and availability
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