Property summary
This exceptional mixed-use property, located at 1227 N Division St in Spokane, Washington, 99202, presents a unique investment opportunity. The 4,500 square foot building is currently vacant, offering a blank canvas for a discerning buyer. Its versatile configuration encompasses an apartment building, restaurant space, and storefront, allowing for diverse income streams or a single, cohesive operation. The property's zoning allows for a potential live-work arrangement, appealing to entrepreneurs and investors seeking a blend of residential and commercial uses. Situated in Spokane County, this location benefits from excellent visibility and accessibility. The asking price is $650,000. While the current occupancy is vacant, this presents a chance to customize the space to meet specific needs and maximize rental income. The property's diverse subtypes offer flexibility for various business models, from a restaurant with attached apartments to a retail space with residential units above. This is an ideal opportunity for those seeking a high-return investment in a thriving Spokane location. The property's size and layout provide ample space for creative development and adaptation to a wide range of uses. Serious inquiries are encouraged to explore the full potential of this remarkable mixed-use building.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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