209 Main St, Spokane, WA 99201
This exceptional investment opportunity presents two contiguous parcels totaling 0.33 acres on West Main Street in the heart of downtown Spokane, Washington. The properties, located at 209 and 215 West Main Street, offer a rare chance to redevelop a significant piece of Spokane's urban core. Both parcels boast 50-foot frontages and a depth of 142 feet each. The existing structures, built in 1912 and 1920 respectively, are slated for demolition, allowing for the construction of a new development tailored to your vision. The DTG zoning designation permits a wide array of uses, including high-density mixed-use projects incorporating retail, residential, or office space, providing significant flexibility for future development. The strategic location, near the intersection of Browne and Main Streets, and just one block west of Division on Main, places the property in a vibrant and highly accessible area of downtown Spokane. A site visit is strongly encouraged to fully appreciate the exceptional potential of this prime location and its significant development possibilities. The asking price for both parcels is $1,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.