507 S Washington St Spokane, WA 99204
For Lease
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This exceptional 10,092 square foot medical office building, located at 507 S Washington St, Spokane, WA 99204, presents a unique investment opportunity. Built in 1953 and extensively renovated in 2002, the property sits on a sizable 30,000 square foot lot and is zoned CB-150. Currently offering multiple tenancies, there is significant vacant space totaling 6,242 square feet, ideal for expansion or new tenants. The available space is divisible, with options ranging from 1,407 to 4,835 square feet, catering to various medical practices' needs. The building's location in Spokane County's Periphery submarket offers convenient access to major transportation routes and a growing patient base. The property's APN is 35191.4514. This is a rare chance to acquire a well-maintained medical office building with substantial potential for growth in a desirable Spokane location. The property's history of successful medical tenancy speaks to its suitability and appeal within the market. Don't miss this opportunity to secure a prime medical office space in a thriving community.
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Jesse Garcia, PT Physician
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Christiian T. Lewis, ARNP Physician
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Inland Pain Specialists Physician
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Corey Plaster Dental Office
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Jamelynn B. Mark, ARNP Physician
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.