154 S Madison St Spokane, WA 99201
For Lease
1 / 8
The Luminaria Building presents a unique opportunity to acquire an established and fully operational brewery and bar. This turnkey operation includes a substantial 4,700 square foot space in Spokane County, ideally suited for continued success in the vibrant hospitality sector. The sale includes all furniture, fixtures, and equipment (FF&E), significantly reducing the burden of startup costs for the new owner. A key highlight is the inclusion of the Seven Barrell Brew House keg cooler and kegs, ready for immediate use. The property features a welcoming courtyard patio, expanding the seating and entertainment options. The current lease agreement extends through January 31st, 2030, providing a clear path for immediate revenue generation and long-term planning. This multiple-tenancy building offers a prime location within Spokane County, providing excellent visibility and accessibility for patrons. The property is currently configured as a restaurant and bar, with all necessary equipment and furnishings in place, making it an exceptionally attractive investment for experienced restaurateurs or entrepreneurs seeking a ready-to-operate business. This is a rare opportunity to acquire a thriving establishment with significant existing infrastructure and a proven track record. One space is currently available within the building. Contact us for detailed lease terms and further information.
-
Houdini Interactive Marketing & Advertising
-
The Steel Barrel Taproom Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.