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Property profile & analytics

1227 Division St Spokane, WA 99202-1729

  • Turn key restaurants
  • 3,000 SF
  • 0.09 lot acres
OFF-MARKET
Value Estimations
$330,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US90-2731662
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Marrakesh Restaurant / Restaurant / Moroccan Restaurant

Property Details for 1227 Division St

Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.09 lot acres
Property size
3,000 SF
Property type
Turn key restaurants
APN
35181.0804
APU
351810804

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $325,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $335,000
    Market price range: $208k - $588k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Spokane
County
Spokane
State
Washington
Longitude
-117.412
Latitude
47.6689
CBSA code
44060
CBSA name
SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,548
$98,800
$263,900
$362,700
-
$98,800
$263,900
$362,700
More about this property
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