Property profile

221 1St Ave Spokane, WA 99201

OFF-MARKET
Restaurants
Built 1891
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Property summary

AI-generated overview

This exceptional commercial property at 221 W 1st Ave in Spokane, WA, presents a unique investment opportunity. Located in Spokane County, this historic building, constructed in 1891, offers a blend of character and modern convenience. Currently classified as Class B, the property is zoned for both office and restaurant use, making it highly versatile. The building features a total of 5,960 square feet of vacant space, ideal for a variety of businesses. One immediately available space totals 1,700 square feet. Situated in the desirable downtown periphery, this location provides easy access to the Spokane Intermodal Facility and offers secure access to the third-floor office space. A key feature is the fantastic balcony views overlooking the city, providing a unique and attractive workspace. The property's multiple tenancy allows for flexibility and potential for diverse income streams. The zip code is 99201. This is a rare chance to acquire a well-situated, historic property with significant potential in a thriving urban environment. The property's professional subtype suggests suitability for a range of businesses seeking a prestigious address. Further details are available upon request.

Property profile

Verified
Property type Restaurants
Year built 1891

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Parking Lot & Garage
  • Logistics Company Trucking Company
  • Logistics Company Trucking Company
  • Logistics Company Trucking Company
  • Logistics Company Trucking Company

Location

221 1St Ave Spokane, WA 99201
Spokane metro
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Value estimations

Realmo proprietary · 4 methods
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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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