Property profile

827 1St Ave Spokane, WA 99201

OFF-MARKET
Office Spaces
28,010 SF Built 1968
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1968
Total area 28,010 SF

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
  • Film Production Television Studio
  • Film Production Television Studio
  • Loan Service Bank
  • Spa & Massage Center Skin Care Clinic
  • Loan Service Bank

Location

827 1St Ave Spokane, WA 99201
Spokane metro
Google Maps

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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