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    323 2Nd Ave Spokane, WA 99202

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Spokane location, multiple suites available.

    Lot size:
    13,557 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional medical office building, located at 323 E 2nd Ave in Spokane, WA, presents a unique investment opportunity. The property boasts a total of 13,557 square feet across two stories, situated on a 0.77-acre lot (APN 35202.1817, Spokane County). The building features multiple tenancies, with three spaces currently available, ranging in size from 146 to 2,227 square feet, offering flexibility for various medical practices. Its convenient location within Spokane's downtown core provides easy access to Interstate 90, ensuring excellent accessibility for patients and staff. Ample on-site parking is available, along with pylon signage opportunities for enhanced visibility. The building's strategic placement also benefits from its proximity to public transportation, being located on a bus line. Furthermore, its location offers exceptional drive times to major area hospitals: Sacred Heart Hospital (4 minutes), Deaconess Hospital (5 minutes), Spokane Valley Hospital (15 minutes), and Holy Family Hospital (14 minutes). This property represents a compelling opportunity to acquire a well-situated medical office building in a thriving Spokane market.

    Property Features for 323 2Nd Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,557 SF
    Total Rate
    22595

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 102
    Size
    2,227 SF
    Rate per SF
    $20
    Space
    Suite 202
    Size
    146 SF
    Rate per SF
    $20
    Space
    Suite 205
    Size
    970 SF
    Rate per SF
    $20

    HighLights

    • Ample on‑site parking.
    • Pylon signage available.
    • Located on a bus line.
    • Excellent downtown Spokane location with easy I‑90 access.
    • Short drive to area hospitals: Sacred Heart (4 min), Deaconess (5 min), Spokane Valley (15 min), Holy Family (14 min).
    Property Profile Location Intelligence

    Current Use by Public Records

    Inland Medical Evaluations Medical Office Rayuwa Wellness, PLLC Counselor Dr. Terrence D. ... Occupational Medical Physician Terry Rempel, MD Occupational Therapist Royce Van Gerpen, ... Occupational Therapist

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Spa & Massage Hair Salon Law Firm 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
    -117.40572496368
    Latitude
    47.654625833103

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    FAQs

    What type of property is this?
    Medical office - Prime Spokane location, multiple suites available.
    Where is this medical office located?
    The property is located at 323 2Nd Ave Spokane, WA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Ample on-site parking.; Pylon signage available.; Located on a bus line.
    Request Owner's contact information
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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
    323 2Nd Ave Spokane, WA 99202
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