1522 Broadway Ave Spokane, WA 99201
Exceptional investment opportunity in Spokane, WA! This mixed-use building, constructed in 1901, boasts 15,000 square feet on a 0.32-acre lot (APN# 25131.4510). The property is zoned CC1 and features three floors, including a dirt and concrete basement. The first floor offers prime retail or office space, currently owner-occupied, while the second floor comprises eight one-bedroom, one-bathroom units, also currently owner-occupied. Each unit is priced at $187,500, contributing to the building's $1,500,000 asking price. Located at 1522 W Broadway Ave, Spokane, WA 99201, this property enjoys high visibility at the northeast corner of Broadway and N Maple St, offering excellent exposure to traffic. Its strategic location places it in close proximity to desirable Spokane destinations such as Kendall Yards, the Courthouse, Downtown Spokane, Riverpark Square, and the Spokane Arena. This presents a rare chance to acquire a well-situated, established mixed-use property with significant upside potential. The building's age and character offer unique charm, while its location ensures strong rental demand and potential for future appreciation.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.