323 2Nd Ave Spokane, WA 99202
- Banks
- 13,551 SF
- 0.77 lot acres
Current Use by Public Records
- Inland Medical Evaluations / Medical Office
- Rayuwa Wellness, PLLC / Counselor
- Dr. Terrence D. Rempel, MD / Occupational Medical Physician
- Terry Rempel, MD / Occupational Therapist
- Royce Van Gerpen, MD / Occupational Therapist
Property Details for 323 2Nd Ave
- Year built
- 1994
- Construction
- STEEL FRAME
- Lot size
- 0.77 lot acres
- Property size
- 13,551 SF
- Property type
- Banks
- APN
- 35202.1817
- APU
- 352021817
Description
This exceptional medical office building, located at 323 E 2nd Ave in Spokane, WA, presents a unique investment opportunity. The property boasts a total of 13,557 square feet across two stories, situated on a 0.77-acre lot (APN 35202.1817, Spokane County). The building features multiple tenancies, with three spaces currently available, ranging in size from 146 to 2,227 square feet, offering flexibility for various medical practices. Its convenient location within Spokane's downtown core provides easy access to Interstate 90, ensuring excellent accessibility for patients and staff. Ample on-site parking is available, along with pylon signage opportunities for enhanced visibility. The building's strategic placement also benefits from its proximity to public transportation, being located on a bus line. Furthermore, its location offers exceptional drive times to major area hospitals: Sacred Heart Hospital (4 minutes), Deaconess Hospital (5 minutes), Spokane Valley Hospital (15 minutes), and Holy Family Hospital (14 minutes). This property represents a compelling opportunity to acquire a well-situated medical office building in a thriving Spokane market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,455,000
- 6.5%
- $1,470,000
- 7%
- $1,525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,425,000
- Geo Method
- $1,340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,795,000
- Retail
- $1,740,000
- Mixed-Use
- $1,685,000
- Hospitality
- $1,680,000
- Educational
- $1,520,000
- Residential Income
- $1,655,000
- Energy
- $1,785,000
- Income-Based Land
- $1,645,000
- Food Service
- $1,805,000
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.406
- Latitude
- 47.6549
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
