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Property profile & analytics
OFF-MARKET
Retail space

38 3rd Ave Spokane, WA 99201-3608

4,088 SF 0.16 ac lot Built 1952
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-1085021
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,088 SF
Lot 0.16 ac (7,000 SF)
APN 35191.1311
UPID US90-1085021
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Chroma Spokane LLC · 1 yrs held
Chroma Spokane LLC
since 2025
Last sale
$220,000
2 recorded transactions
2025
$220,000
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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