38 3rd Ave Spokane, WA 99201-3608
This 4,088 square foot industrial property, located at 38 W 3rd Ave in Spokane, WA 99201, presents a unique investment opportunity. Built in 1952 and situated on a 0.16-acre lot (APN 35191.1311), this flex space boasts 12-foot high ceilings with significant clear spans, ideal for various uses. Previously serving as storage for Les Schwab Tires for over two decades, the building offers a solid foundation and ample room for customization. The property features a dock-high loading dock and secured parking at the rear. Power is single-phase 120/240. Its location offers phenomenal connectivity to I-90 and is conveniently situated just off Division Street on 3rd Avenue, benefiting from high traffic visibility. The property is zoned DTS (Downtown South) and is poised to benefit from the City of Spokane's multi-million dollar investment in improvements to the "Gateway to Spokane" area, further enhancing its appeal and potential. This versatile space is perfect for businesses seeking a prominent location with excellent access and ample space for operations or storage. The asking price is $299,900.
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
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Property description
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