225 3Rd Ave Spokane, WA 99202
- Banks
- 6,999 SF
- 0.33 lot acres
Current Use by Public Records
- Empower Clinics Washington / Medical Clinic / Family Practice Physician
- West&Co. / Property Management Company
- Advanced Foot & Ankle Center DPM / Podiatrist
- Two Maids / House Cleaning Service
- A Home of Happy Feet / Medical Clinic
Property Details for 225 3Rd Ave
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.33 lot acres
- Property size
- 6,999 SF
- Property type
- Banks
- APN
- 35202.2413
- APU
- 352022413
Description
This exceptional Spokane, WA property at 225 E 3rd Ave, 99202 offers 2,300 square feet of combined medical and traditional office space, currently divided into Suites #4 and #5, each approximately 1,150 square feet. The space is available for lease as a whole or potentially divisible. Located in a high-traffic area with an average daily traffic count of approximately 6,704 vehicles on 3rd Avenue, this property benefits from excellent visibility and accessibility. On-site parking is provided for tenants and clients. The property also offers the opportunity for pylon signage, enhancing visibility and brand recognition. Current tenants include Washington State University Real Estate & Business Opportunities (Suites #1 & #2), West & Company Realty LLC (Suite #3), and Two Maids & A Mop (Suite #6). The net-net-net (NNN) expense is $3.50 per square foot. This versatile space is ideal for a variety of medical or office uses and presents a unique opportunity in a thriving Spokane location. Contact for rental rate information.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $965,000
- 6.5%
- $1,020,000
- 7%
- $975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $970,000
- Geo Method
- $1,035,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,115,000
- Retail
- $1,225,000
- Mixed-Use
- $1,050,000
- Hospitality
- $960,000
- Educational
- $1,095,000
- Residential Income
- $885,000
- Energy
- $900,000
- Income-Based Land
- $1,200,000
- Food Service
- $1,145,000
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.407
- Latitude
- 47.6539
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
