731 Indiana AveSpokane, WA 99205

Property Details for 731 Indiana Ave

Year built

1951

Construction

STEEL FRAME

Lot size

0.28 AC

Property size (Sq ft)

2,622 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

35073.6301

APU

350736301

Description

This exceptional 3,727 square foot medical office building, located at 731 W Indiana Ave in Spokane, Washington, presents a compelling investment opportunity. Built in 1951, the property sits on a sizable 12,000 square foot lot, offering ample space for both the building and potential expansion. The building's prime location ensures strong foot traffic and excellent visibility, making it an ideal setting for a thriving medical practice. Its well-maintained condition contributes to a comfortable and productive environment for both staff and patients. The property is conveniently located in Spokane County, WA, 99205, and boasts a Parcel ID number of 35073.6301. This established medical office building provides significant potential for growth and offers a rare opportunity to acquire a well-situated property in a desirable area. The ample space allows for expansion of existing operations or the addition of new services, catering to a growing patient base. The building's size and location combine to create a highly attractive proposition for medical professionals seeking to establish or expand their practice. Serious inquiries are encouraged. Please refrain from visiting the property during business hours.

• CAP approach

  CAP return

  Valuation

  6%

  $428,974

  6.5%

  $395,976

  7%

  $367,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,037

  Geo Method

  $559,037

• Alternative Use

  Use

  Valuation

  Residential

  $491,011

  Hospitality

  $449,763

  Educational

  $374,198

  Medical

  $387,067

  Retail

  $582,085

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6747

Longitude

-117.423

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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