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    827 1St Ave Spokane, WA 99201

    For Lease
    $15 SF/Yr

    Downtown Spokane, 10 Suites Available

    Lot size:
    28,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class B office building, located at 827 W 1st Ave in Spokane, WA, presents a compelling investment opportunity. Boasting 28,010 square feet across four stories, this 1968-built structure underwent a significant renovation in 2000. The building features a single structure with convenient elevator access, situated at the intersection of Lincoln St & 1st Ave, within Spokane County's DTC zoning district. Tenants will appreciate the availability of 10 individual office spaces ranging from 281 to 2,962 square feet, catering to diverse business needs. Short-term lease options are available, adding flexibility for prospective occupants. On-site secured parking provides peace of mind for employees and clients. Shared amenities include a kitchenette, bathroom, and a conference room, enhancing convenience and collaboration. The building's central downtown Spokane location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a well-maintained and conveniently located office space. The property's updated features and desirable location combine to create a strong value proposition in the competitive Spokane commercial real estate market. This is a rare opportunity to secure a well-positioned office building in a thriving urban center.

    Property Features for 827 1St Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,010 SF
    Class
    B
    Total Rate
    35852.8

    Building Details

    Year Built/Renovated
    1968/2000
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Unit 201
    Size
    2,917 SF
    Rate per SF
    $16
    Space
    Unit 314
    Size
    281 SF
    Rate per SF
    $28
    Space
    Unit 311
    Size
    288 SF
    Rate per SF
    $27
    Space
    Unit 324
    Size
    2,203 SF
    Rate per SF
    $19
    Space
    Unit 211
    Size
    291 SF
    Rate per SF
    $26
    Space
    Available Space 18
    Size
    297 SF
    Rate per SF
    $26
    Space
    Suite 317
    Size
    290 SF
    Rate per SF
    $26
    Space
    Unit 410
    Size
    2,962 SF
    Rate per SF
    $24
    Space
    Unit 311
    Size
    288 SF
    Rate per SF
    $27
    Space
    Unit 301
    Size
    1,871 SF
    Rate per SF
    $15

    HighLights

    • Class B office building, 28,010 square feet, four stories, located at 827 W 1st Ave, Spokane, WA.
    • 1968 construction, renovated in 2000.
    • Ten individual office spaces (281‑2,962 sq ft), short‑term lease options available.
    • Secured on‑site parking, shared kitchenette, bathroom, and conference room.
    • Excellent downtown Spokane location, DTC zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    PocketBook Memory Video Production Service Memories By Design Video Production Service Justin Gray New ... Mortgage Lender SkinWorks Spokane Facial Spa First Commercial Lending ... Mortgage Lender

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Law Firm Building Supply Nail Salon Auto Repair Shop 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
    -117.42465662009
    Latitude
    47.656533290054

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Spokane, 10 Suites Available
    Where is this office property / space located?
    The property is located at 827 1St Ave Spokane, WA.
    What is the lease rate?
    The lease rate is $15-$28 SF/Yr.
    What are key features of this property?
    This property features: Class B office building, 28,010 square feet, four stories, located at 827 W 1st Ave, Spokane, WA.; 1968 construction, renovated in 2000.; Ten individual office spaces (281-2,962 sq ft), short-term lease options available.
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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
    827 1St Ave Spokane, WA 99201
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