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209 Main St Spokane, WA 99201

OFF-MARKET Commercial real estate Google Maps
0.33 ac lot Built 1912
Estimated value
No estimation on file for this property yet.
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

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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