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Medical Building in Spokane's Medical District
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507 S Washington St, Spokane, WA 99204

Medical building with on-site parking in Spokane's Medical District.

Space Size4,835 SF
Property Size10,092 SF
Lot Size0.69 Acres
Days on Market1910

Property Features for 507 S Washington St

General Information

Standard status Active
Size 4,835 SF
Lot size 0.69 Acres
Property subtype Office
Lease Type NNN

Building Details

Building Size 10,092 SF
Year Built 1953
Tenancy Multiple

Spaces For Lease

at 507 S Washington St Contact us

Suite 10

Size
4,835 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Kiemle Hagood
Listed By: Jay Carson · License #84224
Source: Crexi
Added: Jun 4, 2021 Changed: Aug 25 Last Checked: Aug 24 at 10:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiemle Hagood

Investment Insights

Based on property information with market context.

The Washington Medical Building is situated on a lot of approximately 30,000 square feet, identified by parcel number 35191.4514. The property is zoned CB-150 (Central Business 150’). It features a building elevator and on-site parking. Located in the Medical District on the southeast corner of Washington Street and 5th Avenue, the building has available suites. Suite #10 offers approximately 3,960 rentable square feet at $6.00 per rentable square foot on a NNN lease. Suite #101 provides approximately 3,514 rentable square feet at $22.00 per rentable square foot on a NNN lease.

Key Highlights

  • Located in the Medical District on the SE corner of Washington Street & 5th Avenue
  • On‑site parking
  • Building elevator

Property Analytics

Current Use

Jesse Garcia, PT Physician Christiian T. Lewis, ... Physician Inland Pain Specialists Physician Corey Plaster Dental Office Jamelynn B. Mark, ... Physician

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Clothing & Fashion Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,297
Businesses Nearby
Well-served
Demand for This Use

Demographics for 99204, WA

7,000
Population
4,357
Households
1.6
Avg Household Size
34
Median Age
37%
College-Educated
93%
High-School Grad
1.0 sq mi
ZIP Area
7,000
Density / Sq Mi
$50,266
Median Household Income
$39,036
Median Earnings
$1,103
Median Rent
$355,700
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical building with on-site parking in Spokane's Medical District.
Where is this medical office space located?
The property is located at 507 S Washington St Spokane, WA.
What is the lease rate?
The lease rate is $6 SF/Yr.
What are key features of this property?
This property features: Located in the Medical District on the SE corner of Washington Street & 5th Avenue; On‑site parking; Building elevator
(509) 838-6541 Call to check price and availability
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