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    213 Main St Fairfield, WA 99012

    For Sale
    $640,000

    Historic building, drive-thru, value-add opportunity.

    Property size:
    12,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 12,742 square foot, two-story office building, located at 213 E Main St in historic downtown Fairfield, WA (99012), presents a compelling value-add investment opportunity. Originally constructed in 1984 and renovated in 2004, this former bank branch boasts a convenient drive-thru. The property is currently 10% occupied, with a lease on the lower level expiring September 30, 2025. The sale includes an additional approximately 14,810 square foot parcel of development land. The building is classified as Class B and sits on Main Street in the heart of Fairfield's historic downtown. The asking price is $640,000, translating to $50.23 per square foot. This multi-tenant property offers significant potential for an owner/user seeking to capitalize on its prime location and existing infrastructure. The property is being offered for sale by the current owner, First Interstate Bank.

    Property Features for 213 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    12,742 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1984/2004
    Buildings
    1
    Stories
    2

    HighLights

    • 12,742 SF ± two‑story building, built in 1984, remodeled in 2004.
    • Former bank branch with drive‑thru.
    • Lower level leased through September 30, 2025.
    • Includes ±14,810 SF of development land.
    • Main Street location in historic downtown Fairfield, WA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Insurance Associates Insurance Agency Fairfield Financial Holdings Bank First Interstate Bank Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Auto Parts Store Accounting Firm Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Spokane
    State
    Washington
    Longitude
    -117.1719799051
    Latitude
    47.385058273729

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    Nearby Similar for Sale

    • $640,000
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      Fairfield Former Bank Branch Building

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    FAQs

    What type of property is this?
    Office Property / Space - Historic building, drive-thru, value-add opportunity.
    Where is this office property / space located?
    The property is located at 213 Main St Fairfield, WA.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: 12,742 SF ± two-story building, built in 1984, remodeled in 2004.; Former bank branch with drive-thru.; Lower level leased through September 30, 2025.
    Request Owner's contact information
    213 Main St Fairfield, WA 99012
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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
    213 Main St Fairfield, WA 99012
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