1126 Coeur D'alene St Spokane, WA 99224
This exceptional investment opportunity presents a 1,260-square-foot vacant retail building situated on a 0.98-acre lot in Spokane, Washington. Located at 1126 S Coeur d'Alene St, 99224, this property boasts 15 additional parking spaces, offering significant potential for various commercial uses. Built in 1929 and renovated in 2024, the concrete block building sits on a slab-on-grade foundation. Previously utilized as a service station, restaurant, machine repair shop, and artist studio, the property is currently a "vanilla shell," ready for immediate customization. Its location within the Village at Vinegar Flats condo development provides excellent visibility and accessibility. A short distance from the Latah Creek bike path and downtown Spokane, this property offers convenient access to amenities and transportation. Currently zoned residential, a change of use approval from the city could allow for commercial operations. The property has never been used as a residence. Detailed aerial photos and plat maps are available upon request. The asking price is $200,000, representing a price per square foot of $158.73. The property includes APN 25243.4611.
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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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.