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5505 Regal St Spokane, WA 99223

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For Sale
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Spokane medical office, 35,040 sq ft, vacant.

Property size:
35,040 SF

Property Features for 5505 Regal St

General Information

Property type
Medical Office Space
Square Feet
35,040 SF
Lot Size
101,495 SF

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Listing Contact
Drew Ulrick
Drew Ulrick

Listing Agency: NAI Black Spokane Listing Agent: Drew Ulrick

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

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Property Insight Report

Overview

This exceptional 35,040 square foot medical office building, located at 5505 S Regal St in Spokane, Washington, presents a unique investment opportunity. The property sits on a 2.33-acre lot (102,890 square feet) and boasts a prime location in Spokane's desirable South Hill neighborhood, situated on a main arterial road. The building features a turnkey fitness center, including a four-lane, 20-yard lap pool, making it ideal for a variety of medical uses. Ample parking is available with 183 spaces, including 48 stalls directly facing 55th and Regal Streets and an additional 135 spaces in a connected overflow lot accessible via a pedestrian trail. The property is zoned for mixed use, offering flexibility for future development. The surrounding area includes recently constructed apartment complexes to the north and local retail to the south and west, ensuring a strong and growing community presence. The asking price is $7,500,000. This is a rare opportunity to acquire a substantial, well-located property with significant potential in a thriving market. The building is currently vacant.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Medical Office Space

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
-117.3681947
Latitude
47.6037607

FAQs

What type of property is this?
Medical Office Space - Spokane medical office, 35,040 sq ft, vacant.
Where is this medical office space located?
The property is located at 5505 Regal St Spokane, WA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 35,040 SF medical office building.; 2.33-acre lot (102,890 SF).; Turnkey fitness center with a four-lane, 20-yard lap pool.
(509) 623-1000 Call to check price and availability
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