827 1St Ave Spokane, WA 99201
This exceptional Class B office building, located at 827 W 1st Ave in Spokane, WA, presents a compelling investment opportunity. Boasting 28,010 square feet across four stories, this 1968-built structure underwent a significant renovation in 2000. The building features a single structure with convenient elevator access, situated at the intersection of Lincoln St & 1st Ave, within Spokane County's DTC zoning district. Tenants will appreciate the availability of 10 individual office spaces ranging from 281 to 2,962 square feet, catering to diverse business needs. Short-term lease options are available, adding flexibility for prospective occupants. On-site secured parking provides peace of mind for employees and clients. Shared amenities include a kitchenette, bathroom, and a conference room, enhancing convenience and collaboration. The building's central downtown Spokane location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a well-maintained and conveniently located office space. The property's updated features and desirable location combine to create a strong value proposition in the competitive Spokane commercial real estate market. This is a rare opportunity to secure a well-positioned office building in a thriving urban center.
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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
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.