221 1St Ave Spokane, WA 99201
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.
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221 W 1st Ave Parking Parking Lot & Garage
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Amtrak-Bus Station Logistics Company Trucking Company
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Jefferson Lines Logistics Company Trucking Company
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Northwestern Trailways Logistics Company Trucking Company
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Greyhound: Bus Station Logistics Company Trucking Company
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.