Technical
Financial
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Property profile

924 W 2Nd Ave Spokane, WA 99201

FOR SALE
Office buildings
Property ID
US90-1750124
7,100 SF 0.16 ac lot Built 1918
Entity Owned 9-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 7,100 SF
924 W 2Nd Ave, Spokane, WA 99201
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Property summary

AI-generated overview

This exceptional retail property, located at 924 & 930 W. 2nd Avenue in Spokane, Washington, offers a unique opportunity for businesses seeking a prominent downtown presence. The property encompasses a total of 10,629 square feet, currently entirely vacant and ready for immediate occupancy. The building, constructed in 1984, sits on a 0.32-acre lot and is zoned DTG (Downtown General), allowing for a wide range of commercial uses. Flexible space options are available, with a minimum divisible unit of 3,529 square feet and a maximum contiguous space of 7,100 square feet, catering to various business needs and expansion plans. Ample off-street parking is provided with approximately 10 parking stalls. The property's address is 924 W 2nd Ave, Spokane, WA 99201, and its Assessor's Parcel Numbers (APN) are 35192.1912 and 35192.1913. This location offers high visibility and accessibility within Spokane's vibrant downtown core, making it an ideal choice for businesses seeking a thriving commercial environment. The property is available for lease and presents a rare opportunity to establish a strong foothold in a desirable downtown Spokane location. Contact us today to learn more about this exceptional retail space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1918
Total area 7,100 SF
Lot 0.16 ac (7,100 SF)
APN 35192.1912
UPID US90-1750124

Cap rate & NOI

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

Location

924 W 2Nd Ave Spokane, WA 99201
Spokane metro Census 3500 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$531k
Blend (final) Blend
$350k

Owner & transaction history

since 2017
Last sale
$750,000
3 recorded transactions
2017
Price N/A
2017
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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