Technical
Financial
Distress signals
Property profile

117 Pacific Ave Spokane, WA 99201

OFF-MARKET
Office buildings
Property ID
US90-0060616
7,100 SF 0.08 ac lot Built 1911
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,100 square foot commercial property, located at 117 W. Pacific Ave in Spokane County, offers a unique blend of retail and office space. The building, zoned DTG (City of Spokane), features two stories and sits on a 3,550 square foot lot (APN: 35191.0706). Currently fully vacant, the space is divisible into units ranging from 3,500 to 3,550 contiguous square feet, making it ideal for multiple tenants or a single large occupant. The property boasts attractive architectural features, seamlessly blending historic and contemporary design elements. The ground floor features large storefront windows perfect for retail, while the second floor offers professional office space with an outdoor patio area. High ceilings, exposed brick, and a recently completed remodel contribute to a move-in ready condition. The building's appealing facade and convenient surface parking nearby add to its desirability. This is a clean deal, suitable for both users and investors seeking a prime location in downtown Spokane. The main floor is designed for retail businesses with large storefront windows, while the second floor provides office space accessible via a separate ground floor entrance. Both floors are designed to accommodate diverse business needs.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1911
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,100 SF
Lot 0.08 ac (3,550 SF)
APN 35191.0706
UPID US90-0060616

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
  • Financial Advisor
  • (Bike/Boat/Book/etc) Store Photography Service
  • Advertising Agency Marketing & Advertising

Location

117 Pacific Ave Spokane, WA 99201-3664
Spokane metro Census 3500 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2025
Last sale
$420,000
7 recorded transactions
2025
$420,000
2019
Price N/A
2018
$651,500
2013
Price N/A
2008
Price N/A
2007
$136,000
1997
$120,000

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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