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    323 Pne Rd Spokane Valley, WA 99216

    Sponsored
    For Sale
    $975,000

    Historic Office Building, 4,846 SF

    Property size:
    4,846 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 323 S Pines Rd in Spokane Valley, Washington, presents a unique investment opportunity. The 4,846 square foot building, constructed in 1909 and renovated in 1982, boasts a prime location on a 0.52-acre corner lot at the intersection of S. Pines Road and E. 4th Avenue. The four-story building is zoned CMU and offers ample on-site parking. A significant feature is the inclusion of a detached garage, approximately 700 square feet, situated on the east side of the main structure. The property is ADA accessible and benefits from prominent monument signage. The building's history is complemented by its modern functionality, making it suitable for a variety of commercial uses. The asking price is $975,000. The parcel number is 45222.0541. This multi-story converted office building offers a blend of character and practicality, situated in a well-established Spokane Valley location. The property's size and features make it an attractive prospect for investors seeking a substantial commercial holding in a desirable area. The convenient location and ample parking further enhance its appeal. This is a rare opportunity to acquire a well-maintained, historically significant commercial building with significant potential.

    Property Features for 323 Pne Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,846 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built/Renovated
    1909/1982
    Buildings
    1
    Stories
    4

    HighLights

    • $975,000 asking price.
    • 4,846 square foot traditional office building.
    • Built in 1909, renovated in 1982.
    • Four‑story building on a 0.52‑acre lot in Spokane Valley, WA.
    • On‑site parking and a detached 700 SF garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nordstrom Law Firm ... Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.2394595
    Latitude
    47.6536511

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Office Building, 4,846 SF
    Where is this office property / space located?
    The property is located at 323 Pne Rd Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: $975,000 asking price.; 4,846 square foot traditional office building.; Built in 1909, renovated in 1982.
    (509) 622-3566
    Request Owner's contact information
    323 Pne Rd Spokane Valley, WA 99216
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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
    323 Pne Rd Spokane Valley, WA 99216
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