1921 Monroe StSpokane, WA 99205

Property Details for 1921 Monroe St

Year built

1910

Lot size

0.08 AC

Property size (Sq ft)

2,668 SF

Property type

Retail properties

Property subtype

Retail space

APN

35073.6704

APU

350736704

Description

This exceptional free-standing retail property at 1921 N Monroe St, Spokane, WA 99205, offers a unique investment opportunity. The building, constructed in 1910, boasts a total of 10,672 square feet across two stories. Currently, 2,850 square feet of prime street-level retail space is available for lease, presenting a fantastic chance to establish or expand a business in a high-traffic area. The vacant space includes a restroom and an area that can be utilized as an office or storage, adding to its versatility. Large display windows facing both Monroe Street and Northwest Boulevard provide excellent visibility and signage opportunities, ensuring maximum exposure for your business. The property sits on a 3,468 square foot lot. This single-tenant building is ideal for a variety of retail uses and benefits from its prominent location in Spokane, Washington. The building's history and character combine with modern functionality to create a truly unique retail space. Don't miss this chance to secure a prime location in a thriving Spokane neighborhood. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $641,656

  6.5%

  $592,297

  7%

  $549,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,433,488

  Geo Method

  $1,433,488

• Alternative Use

  Use

  Valuation

  Residential

  $499,625

  Hospitality

  $457,654

  Educational

  $380,763

  Medical

  $393,858

  Retail

  $592,297

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6753

Longitude

-117.427

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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