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Property profile & analytics
OFF-MARKET Estimated value $515,000
Turn key restaurants

221 Riverside Ave Spokane, WA 99201-0162

4,000 SF 0.1 ac lot Built 1896
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US90-0644232
Property summary
AI-generated overview

This exceptional mixed-use retail property, located at 221 W Riverside Ave in Spokane, WA 99201, offers three available spaces ranging from 805 to 3,296 square feet. Situated in Spokane County, this property presents a fantastic opportunity for businesses seeking high-visibility locations. The units boast attractive features including high ceilings and a large, open layout, ideal for a variety of retail concepts. The flexible space allows for customization to suit individual tenant needs. This prime location on Riverside Avenue ensures high foot traffic and excellent exposure to potential customers. The property's mixed-use zoning provides additional versatility and potential for expansion. Tenant improvement allowances are available, making this an even more attractive proposition for prospective tenants. The address is easily accessible, offering convenient access for both customers and employees. This is a rare opportunity to secure retail space in a vibrant and growing area of Spokane. Contact us today to schedule a viewing and explore the possibilities this property offers. Don't miss out on this chance to establish your business in a prime Spokane location. The property is ready for immediate occupancy.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1896
Total area 4,000 SF
Lot 0.1 ac (4,500 SF)
APN 35184.1207
UPID US90-0644232
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
  • Riverside Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$600k
Blend (final) Blend
$515k
Owner & transaction history
Studio 24 LLC · 8 yrs held
Studio 24 LLC
since 2017
3 recorded transactions
2020
Price N/A
2017
$1.1M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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