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Property profile & analytics
OFF-MARKET Estimated value $1,165,000
Auto shops

101 2nd Ave Spokane, WA 99201-3655

7,530 SF 0.32 ac lot Built 1967
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US90-0259703
Property summary
AI-generated overview

This exceptional retail property, located in the heart of Downtown Spokane, offers 7,500 square feet of versatile space ideal for multiple tenants. Situated on a highly visible corner with easy access to Interstate 90's on-ramp, this location guarantees maximum exposure and foot traffic. The property is currently configured to accommodate a variety of uses, including but not limited to auto repair shops, smoke shops, bars, and coffee shops. Two spaces are immediately available, with a minimum divisible space of 2,500 square feet, offering flexibility for businesses of varying sizes. The total building area encompasses 7,500 square feet, providing ample room for expansion or multiple occupancy. This prime location in Spokane County presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation routes. The bustling downtown environment ensures a constant flow of potential customers, making this an ideal investment for entrepreneurs and established businesses alike. Don't miss this chance to secure a prominent retail space in one of Spokane's most dynamic areas. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1967
Construction STEEL FRAME
Total area 7,530 SF
Lot 0.32 ac (14,000 SF)
APN 35191.1214
UPID US90-0259703
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Amy K. Conrad Dental Office
  • Progressive Auto Insurance Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.17M
Owner & transaction history
2450 LLC · 5 yrs held
2450 LLC
since 2020
Last sale
$925,000
4 recorded transactions
2020
$925,000
2020
Price N/A
2020
Price N/A
1999
$385,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.9M +25.2%
Medical building $1.8M +20.4%
Restaurant $1.7M +12.1%
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