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170 Lincoln St 100 Spokane, WA 99201-4443

OFF-MARKET Retail space Google Maps
3,334 SF 0.08 ac lot Built 1910
Entity Owned 15-yr Hold Free & Clear
Estimated value (blended)
$325k
Range $293k – $358k (±10%)
Property ID US90-0063394

Property summary

AI-generated overview

This exceptional downtown Spokane office condo, located at 170 S Lincoln St, offers 8,400 square feet of versatile space across two floors (3rd and 4th) within the Freeman Center. The property, built in 1910 and extensively renovated in 2005 and 2018, features a Class B building with a secured entry, elevator access, and four parking spaces in a secured garage. The 3rd floor (4,200 sq ft, APN 35192.1923) includes a 16+ chair conference room, kitchenette, two executive office suites, and an open sales floor currently configured with 17 cubicle stations and an ADA-compliant restroom. The 4th floor (4,200 sq ft, APN 35192.1924) offers an 8-10 chair conference room, kitchenette, three executive office suites, two ADA-compliant restrooms, and an open sales floor with 11 cubicle stations and a four-person reception area. The building boasts exterior signage, direct elevator access from the garage, and allows for residential living. This owner-user investment opportunity is zoned Downtown General (DTG) and sits on a 0.28-acre lot. The asking price is $675,000. The property is ideal for a variety of business uses and presents a unique chance to own a piece of Spokane's vibrant downtown core. The exposed brick and beam details add character and charm to this functional and well-maintained space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Total area 3,334 SF
Lot 0.08 ac (3,334 SF)
APN 35192.1921
UPID US90-0063394

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Engineering Consultant
  • (Bike/Boat/Book/etc) Store
  • Vocational School Training Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2011
4 recorded transactions
2011
$210,000
2007
Price N/A
2005
Price N/A
2005
$575,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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