Property profile

101 2nd Ave Spokane, WA 99201

OFF-MARKET
Auto shops
Property ID
US90-0259703
7,530 SF 0.32 ac lot Built 1967
Entity Owned 6-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Dental Office
  • Corporate Office

Location

101 2nd Ave Spokane, WA 99201-3655
Spokane metro Census 3500 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.34M

Owner & transaction history

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

Top alternative use upside
Office building $1.9M +25.2%
Medical building $1.8M +20.4%
Restaurant $1.7M +12.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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