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    OFF-MARKET
    Commercial real estate

    209 Main St, Spokane, WA 99201

    0.33 ac lot Built 1912
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1912
    Lot 0.33 ac (14,375 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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