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    FOR SALE
    Banks

    125 S Arthur St, Spokane, WA 99202

    16,224 SF 0.8 ac lot Built 1980
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US90-1572792
    Property summary
    AI-generated overview

    The Gateway Business Park offers two industrial buildings totaling 46,067 square feet, ideally situated near Downtown Spokane with easy I-90 access. Currently, 20,000 square feet is available for lease, split between two suites. Building 1, Suite 11, offers 6,060 square feet with grade-level loading, restrooms, a powered roll-up door, and perimeter and mezzanine offices (convertible to open floorplan). Building 2, Suite 20, provides flexible space ranging from 4,000 to 14,110 square feet, featuring both grade and dock-level loading, separate areas suitable for retail or warehouse use, and ample clear-span space. Both buildings are single-story structures. The property includes two loading docks and two dock-high doors, along with two drive-in doors. Lease rates include free and reserved parking. Monument and property signage are also available. Tenant improvements are negotiable, subject to terms and credit. NNN lease rates encompass all property maintenance, including on-site maintenance and security. Recent upgrades include exterior building improvements, landscaping enhancements, and a new parking lot. This property is perfect for businesses seeking adaptable space for warehouse, retail, or office needs.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1980
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 16,224 SF
    Lot 0.8 ac (34,677 SF)
    APN 35201.3419
    UPID US90-1572792
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • ARTIST TOUCH Art & Frame STUDIO (Bike/Boat/Book/etc) Store Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $435k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $587k
    Blend (final) Blend
    $510k
    Owner & transaction history
    Spokane Gateway LLC · 7 yrs held
    Spokane Gateway LLC
    since 2018
    3 recorded transactions
    2020
    2018
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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