Financial
Distress signals
Property profile

120 W 3Rd Ave Spokane, WA 99201

FOR LEASE
Turn key restaurants
Property ID
US90-1781233
4,172 SF 0.72 ac lot Built 1964
Last sale Jan 2020 · $4,747,247
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of four separate hotel buildings constructed between 1964 and 1985, with a total of 88 guest rooms in place. An additional standalone restaurant building is included, totaling approximately 5,200 square feet. The site covers 1.37 acres and is located in a downtown setting with high visibility. The property is within an Opportunity Zone and is listed under Downtown General zoning, supporting hospitality use and related improvements within a consolidated footprint.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value · 2024$2.34M
Assessed land$866k
Assessed improvement$1.47M
Effective rate0.98%

Value estimate

· Sep 2026
$545k
$491k – $600k
AI approach$465k
Submarket $/SF estimate$626k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$222/SF
Submarket average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$122 – $435
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.7
Pet Grooming Service9.3
Laundromat8.5

Location

120 W 3Rd Ave Spokane, WA 99201
County assessor Recorded deeds · 8 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
209 Main, Spokane, WA 99201-0111 $1,100,000 Jan 2026 4,000 SF
930 2nd, Spokane, WA 99201-4502 $750,000 Mar 2025 3,529 SF
309 2nd, Spokane, WA 99201-6012 $1,650,000 Feb 2025 3,900 SF
223 Lincoln, Spokane, WA 99201-4406 $1,625,000 Aug 2024 3,666 SF
1317 Howard, Spokane, WA 99201-2473 $102,005 Jan 2024 3,800 SF
801 Monroe, Spokane, WA 99201-2109 $875,000 Dec 2023 3,543 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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