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Property profile & analytics
FOR SALE
Outlet malls

1108 W 2Nd Ave Spokane, WA 99201

9,200 SF 0.33 ac lot Built 1963
Individually Owned 24-yr Hold ~ Est. High Equity
Property ID
US90-0259714
Property summary
AI-generated overview

Exceptional investment opportunity: a 10,450 square foot warehouse located at 1108-1110 W 2nd Avenue in Spokane, Washington. This property, situated on a 0.33-acre lot, boasts a prime location on the periphery of downtown Spokane, offering excellent storefront visibility on 2nd Avenue. The building features solid concrete block construction, a two-story design, and is zoned Downtown General (DTG). The warehouse itself includes 15' ceilings, two loading docks each equipped with 10'H x 8'W overhead doors, and is partially sprinklered. The property also benefits from three-phase power, multiple entrance points, and convenient street and alley access. Ten parking spaces are available for tenants and visitors. The asking price is $1,450,000, and the lease type is NNN. The property is currently offered for sale or lease as a single tenancy. APN: 35192.1711. This versatile property is ideal for a variety of uses, combining retail, office, and industrial space in a highly desirable downtown location.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,200 SF
Lot 0.33 ac (14,200 SF)
APN 35192.1711
UPID US90-0259714
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$855k
Owner & transaction history
Marshall A Canwell · 24 yrs held
Marshall A Canwell
since 2002
5 recorded transactions
2017
Price N/A
2002
$320,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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