126 Washington St Spokane, WA 99201-0223
- Retail space
- 8,730 SF
- 0.20 lot acres
Current Use by Public Records
- The Eye Care Team / Sunglasses Store / Eye Care Center
- Richard E. Kellogg, OD / Physician
- Boozey Candle Co / Home Decor Store
- Dr. Aarick Carlson / Physician
- Dr. Daniel Evans / Physician
Property Details for 126 Washington St
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.20 lot acres
- Property size
- 8,730 SF
- Property type
- Retail space
- APN
- 35184.2205
- APU
- 351842205
Description
This single-story, 7,590 square foot building at 126 N. Washington St., Spokane, WA 99201, offers a unique opportunity. Located in the CBD-1 zone, this property boasts a convenient location steps from Riverfront Park and adjacent to the Davenport Grand Hotel. The building, constructed in 1979, features one suite totaling 3,500 square feet currently available for lease. The space is adaptable and offers a mostly open floor plan, ideal for a variety of uses, including medical or creative office spaces. The property sits on 0.22 acres and includes 15 parking spaces. While there is no elevator, the single-story design provides easy accessibility. The address is 126 N Washington St, Spokane, WA 99201, with a cross street of Washington & Main. The property's APN is 35184.2205. Ample street parking is available, supplemented by a large paid parking lot directly adjacent to the building. This versatile space is ready for immediate occupancy by a new business. The minimum divisible space is 3,500 sq ft, and the maximum contiguous space is also 3,500 sq ft.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,510,000
- 6.5%
- $1,395,000
- 7%
- $1,295,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,591,000
Market price range: $893k - $3.17M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,885,000 Current use
- OFFICE BUILDING
- $2,160,000 Change: +15% Conversion: Easy
- MEDICAL BUILDING
- $2,075,000 Change: +10% Conversion: Difficult
- RESTAURANT
- $1,935,000 Change: +3% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,725,000 Change: -8% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,570,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.418
- Latitude
- 47.6588
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA