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    505 Riverside Ave Spokane, WA 99201

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Spokane office space, multiple suites available.

    Lot size:
    50,256 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Fernwell Building, located at 505 W Riverside Ave, Spokane, WA 99201, offers exceptional office space for lease. This six-story, Victorian-era building boasts 50,256 square feet on a 0.21-acre lot, with cross-street access via Stevens Street (APN 35184.2701). The building features a stunning six-story atrium with a central skylight, creating a bright and inviting atmosphere. Multiple tenancy options are available, ranging from 959 square feet to 7,173 square feet, with additional space potentially available. The building is equipped with energy-efficient systems and incorporates green and sustainable management practices. High-speed internet connectivity is provided by fiber optic providers XO and CenturyLink, as well as Comcast. Ample parking is conveniently located within a two-block radius. This property presents a unique opportunity to lease high-quality office space in a desirable Spokane location, combining historical charm with modern amenities. The building's traditional and executive office spaces cater to a variety of business needs. Inquire today to learn more about available space and lease terms.

    Property Features for 505 Riverside Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,256 SF
    Total Rate
    73290

    Unit(s) available at that property

    Space
    Suite 400
    Size
    1,459 SF
    Rate per SF
    $17
    Space
    Suite 205
    Size
    2,722 SF
    Rate per SF
    $17
    Space
    Suite 215
    Size
    2,722 SF
    Rate per SF
    $17
    Space
    Suite 300
    Size
    7,173 SF
    Rate per SF
    $17
    Space
    Suite 600
    Size
    7,173 SF
    Rate per SF
    $17

    HighLights

    • Exceptional six‑story, 50,256 sq ft office building for lease at 505 W Riverside Ave, Spokane, WA.
    • Features a striking six‑story atrium with skylight.
    • Multiple suite sizes available, ranging from 959 sq ft to 7,173 sq ft, with potential for larger spaces.
    • Equipped with energy‑efficient systems and sustainable practices.
    • High‑speed internet access via XO, CenturyLink, and Comcast.
    • Ample parking within two blocks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tila Mortgage Mortgage Lender Forensic Accounting Corp Accounting Firm Law Offices of Jennifer ... Attorney Umpqua Bank Bank Bjordahl Stacy A Attorney

    Suggested Use

    Restaurant Dental Office Hair Salon Spa & Massage Building Supply Realty agency Nail Salon Clothing Store Auto Repair Shop Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.41958604
    Latitude
    47.65796731

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Spokane office space, multiple suites available.
    Where is this office property / space located?
    The property is located at 505 Riverside Ave Spokane, WA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Exceptional six-story, 50,256 sq ft office building for lease at 505 W Riverside Ave, Spokane, WA.; Features a striking six-story atrium with skylight.; Multiple suite sizes available, ranging from 959 sq ft to 7,173 sq ft, with potential for larger spaces.
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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
    505 Riverside Ave Spokane, WA 99201
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