422 Riverside AveSpokane, WA 99201

Property Details for 422 Riverside Ave

Year built

1910

Lot size

0.33 AC

Property size (Sq ft)

14,200 SF

Property type

Retail properties

Property subtype

Banks

APN

35184.2310

APU

351842310

Description

This iconic 16-story, 180,698 square foot office building in downtown Spokane, Washington, presents a unique investment opportunity. Located at 422 W Riverside Ave, Spokane, WA 99201, in Spokane County, this single building offers multiple tenancy options ranging from 294 to 10,967 square feet. The property's modern façade features expansive glass windows, providing tenants with breathtaking views of the Spokane skyline and the Spokane River. Its prime location in the heart of Spokane's central business district offers unparalleled access to amenities, transportation, and a thriving commercial environment. The building's versatile design caters to a variety of business needs, accommodating traditional, executive, and creative office spaces. This high-profile address provides excellent branding opportunities and a prestigious location for any business seeking a prominent presence in the Spokane market. The building's size and layout offer flexibility for both large and small businesses, making it an attractive option for a diverse range of tenants. Further details regarding available space and lease terms are available upon request. This is a rare opportunity to acquire a significant commercial property in a rapidly growing city.

• CAP approach

  CAP return

  Valuation

  6%

  $3,624,160

  6.5%

  $3,345,379

  7%

  $3,106,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,629,506

  Geo Method

  $7,629,506

• Alternative Use

  Use

  Valuation

  Residential

  $2,821,952

  Hospitality

  $2,584,893

  Educational

  $2,150,601

  Medical

  $2,224,563

  Retail

  $3,345,379

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6583

Longitude

-117.419

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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