Entity Owned Property summary
This exceptional investment opportunity presents three prime commercial buildings in Spokane's vibrant Central Business District (CBD). The portfolio comprises a total of approximately 21,677 square feet across three buildings situated on a combined lot size of approximately 0.38 acres (16,500 square feet). The buildings, constructed in 1900 and 1911, boast a rich history, previously serving as a cold storage and ice packing facility. Their adaptive zoning allows for a multitude of… redevelopment possibilities, catering to a range of commercial uses. The properties benefit from superb visibility and location, adjacent to recently revitalized commercial spaces, positioning them ideally for future growth within the evolving downtown landscape. The addresses are 124 S Jefferson Street, 1212 W Railroad Alley, and 1216 W Railroad Alley, Spokane, WA 99201. Parcel numbers are 35192.5327, 35192.5328, and 35192.5329. Currently vacant, this portfolio offers a unique chance to acquire a significant piece of Spokane's downtown history and shape its future. The flexible space is suitable for various uses, including flex space, refrigerated/cold storage, and storefront retail, making it an attractive proposition for investors seeking a high-potential redevelopment project in a rapidly growing area. The buildings are two stories each. This is a rare opportunity to acquire a substantial and historically significant property in a prime downtown location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 4 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
4 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,776 SF
- Lot area
- 0.13 ac
- Year built
- 1911
- Stories
- 2
- APN
- 35192.5327
- Assessed value · 2024
- $233,050
- Annual tax · 2023
- $2,284
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
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.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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