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125 Arthur St Spokane, WA 99202

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For Sale
Contact for pricing

Flex & Warehouse Investment Opportunity

Property size:
46,067 SF

Property Features for 125 Arthur St

General Information

Property type
Distribution properties
Square Feet
46,067 SF

Building Details

Year Built
1980
Buildings
2
Stories
1
Units
9

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Listing Contact
William E Butler

Listing Agency: WEB Properties Inc. Listing Agent: William E Butler

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional Spokane, WA industrial property, encompassing two buildings totaling 46,067 square feet on a 2.5-acre lot (108,937 sq ft), presents a compelling owner-user or investment opportunity. The property, situated at 125 S Arthur St and 1011 E 2nd Ave, Spokane, WA 99202, features a mix of flex and warehouse space, currently housing seven tenants with 57% occupancy. Building 2 offers approximately 16,260 square feet of contiguous flex space, ideal for owner-occupancy, complete with dock and grade-level loading. Building 1 includes 6,060 square feet of in-line flex space. Recent capital improvements include exterior painting, new fencing, a renovated parking lot, HVAC upgrades, tenant space improvements, and landscaping enhancements. The property boasts a 21-foot ceiling height, two loading docks, and two dock-high doors. Currently generating a NOI of $167,839, a pro-forma NOI of $407,839 is projected, resulting in a 6.97% pro-forma cap rate based on market lease rates. The asking price is $5,850,000 ($127/sq ft). Zoned for general commercial use, this property offers significant upside potential through lease-up and increased occupancy. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-maintained, value-add industrial property in a thriving Spokane location with convenient access to I-90 and downtown. The property is offered as a NNN lease with multi-tenancy.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

ARTIST TOUCH Art ... (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Spokane
County
Spokane
State
Washington
Longitude
-117.39526748133
Latitude
47.655288876879

FAQs

What type of property is this?
Distribution property - Flex & Warehouse Investment Opportunity
Where is this distribution property located?
The property is located at 125 Arthur St Spokane, WA.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Two-building industrial property totaling 46,067 square feet on a 2.5-acre lot in Spokane, WA.; Building 2 offers 16,260 SF of contiguous flex space, ideal for owner-occupancy, with dock and grade-level loading. Building 1 includes 6,060 SF of in-line flex space.; Recent capital improvements include exterior painting, new fencing, parking lot renovation, HVAC upgrades, and landscaping.
(509) 533-0995 Call to check price and availability
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