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    Spokane, WA Specialty Properties for Sale

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    Spokane University District Investment Opportunity
    Updated: Nov 21, 2025
    Spokane University District Investment Opportunity

    115 E Pacific Ave & 112 E 1st Ave, Spokane, WA 99202

    $6,350,000
    42,098 sqft
    Entire city block in Spokane's fast‑growing University District.
    NNN leased investment property with combined monthly income of $29,659.51.
    Potential 2‑acre redevelopment site with flexible GC‑150 Zoning and waived parking requirement.
    Excellent location in an opportunity zone near Downtown Spokane and the University District.
    Two buildings totaling 42,098 SF (26,612 SF and 15,486 SF).
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    This listing looks promising.

    Here's a quick look at some key insights for

    115 E Pacific Ave & 112 E 1st Ave, Spokane, WA 99202

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    • Est. Cap Rate

      6.9%
      Above avg (5.9%)

    • Est. NOI

      $437K
      Annual

    • Price @ 7% Cap

      $6.24M
      Suggested

    • Last Sold

      Sep 2025
      $724K
    View Property Analytics
    NNN Retail/Office Building
    Updated: Jun 9
    NNN Retail/Office Building

    1211 W. Northwest Blvd, Spokane, WA 99205

    $450,000
    4,993 sqft
    4,993 SF building on a 10,019 SF lot at 1211 W. Northwest Blvd, Spokane, WA
    Available suites: Suite A (1,930 SF) and Suite C (2,138 SF)
    Lease rate: $7.00 PSF NNN for available suites
    Estimated NNN: $3.00
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    Prime Retail Space on Mullan
    Prime Retail Space on Mullan

    1300-1312 N Mullan Rd, Spokane, WA

    $2,400,000
    2,800 sqft 0.98 AC lot

    Retail space available in high-traffic Spokane Valley location.

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    Institutional Multi-Building Campus
    Institutional Multi-Building Campus

    3715 S Grove Rd, Spokane, WA 99224

    $15,000,000
    30.75 AC lot

    Campus on 30.75 acres with administrative offices, retail operations, and broadcast facilities, zoned Light Industrial.

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    Specialty Property Parcel
    Specialty Property Parcel

    1504 East Illinois Avenue, Spokane, WA 99207

    $350,000
    0.36 AC lot

    For-sale specialty property parcel offering 0.36± acres in Spokane, well suited for small-scale development or investment.

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    New Construction Valvoline For Sale
    New Construction Valvoline For Sale

    1830 N Division St, Spokane, WA

    $2,620,370
    0.49 AC lot

    New construction Valvoline in rapidly growing Spokane, Washington.

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    Retail Investment on Division Street
    Retail Investment on Division Street

    5903 N Division St, Spokane, WA 99208

    $2,480,000
    4,802 sqft

    100% leased retail property with national credit tenants.

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    Spokane Church and Religious Facility
    Spokane Church and Religious Facility

    3525 E 57Th Ave, Spokane, WA

    $1,775,000
    8,500 sqft 4.60 AC lot

    8,500 SF church and religious facility in Spokane, WA.

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    NW Spokane Specialty Property
    NW Spokane Specialty Property

    5109 N Adams St, Spokane, WA 99205

    $875,000
    8,425 sqft

    Specialty property in a fantastic NW Spokane location.

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    Specialty Commercial Property
    Specialty Commercial Property

    3804 E Ferry Ave, Spokane, WA 99202

    $1,150,000

    For sale specialty commercial property at 3804 E Ferry Ave in Spokane, Washington.

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    NNN Retail Space Near Sportsplex
    NNN Retail Space Near Sportsplex

    412 W Boone Ave, Spokane, WA 99201

    Contact for pricing

    Retail space positioned on Boone Avenue near the Spokane Arena and Sportsplex parking, with low NNN expenses.

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    Spokane Commercial Building For Sale
    Spokane Commercial Building For Sale

    806 E 2nd Ave, Spokane, WA 99202

    $1,295,000
    8,471 sqft 0.33 AC lot

    Commercial building with general commercial zoning in Spokane, Washington.

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    Specialty Land Tract
    Specialty Land Tract

    7909 South Grove Road, Spokane, WA 99224

    Contact for pricing

    For sale land tract totaling 30.39 acres in Spokane, Washington.

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    Commercial Building on Three Parcels
    Commercial Building on Three Parcels

    806 E 2nd Avenue, Spokane, WA 99202

    $1,295,000
    8,471 sqft 0.50 AC lot

    Commercial building with parking on three parcels, for sale/lease.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 14 Active listings in Spokane, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Spokane Valley Commercial Building
    Spokane Valley Commercial Building

    13221 E 32nd Avenue, Spokane Valley, WA 99216

    $1,395,000
    7,142 sqft

    Commercial building with approximately 7,142 square feet for sale.

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    NNN Zip’s Drive-In For Sale
    NNN Zip’s Drive-In For Sale

    12421 W Sunset Hwy, Airway Heights, WA 99001

    $2,057,142
    2,845 sqft

    Single-tenant NNN Zip’s Drive-In with over 14 years remaining on lease.

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    Spokane Valley Commercial Property
    Spokane Valley Commercial Property

    12206 E 1st Ave, Spokane Valley, WA 99206

    $290,000
    2,400 sqft

    Commercial property in Valley location with potential.

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    Airway Heights Specialty Property
    Airway Heights Specialty Property

    10117 W Sunset Hwy, Airway Heights, WA

    $3,850,000
    7.03 AC lot

    Specialty property for sale in Airway Heights, Washington.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lakefront Property Near Downtown
    Lakefront Property Near Downtown

    Coeur D Alene, ID 83814

    $3,400,000
    0.43 AC lot

    Legacy lakefront property with sandy beach near downtown Coeur d'Alene.

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    Coeur d'Alene Marina Slip
    Coeur d'Alene Marina Slip

    Coeur D Alene, ID 83814

    $300,000

    Marina slip ideal for pontoon, house, or sailboats.

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    Recreation Land Parcel
    Recreation Land Parcel

    41XX N Deer Lake Rd, Loon Lake, WA 99148

    $35,000
    0.25 AC lot

    Recreational-use land on Deer Lake Road near US Interior Fish and Wildlife land in Loon Lake, Washington.

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    One Acre Lot with Utilities
    One Acre Lot with Utilities

    Lot 3 Us Hwy 93 North, Eureka, MT 59917

    Contact for pricing
    1.00 AC lot

    One acre lot with shared well and power access.

    View details

    Off-Market Properties in Spokane, WA

    Consider similar Off-Market properties in Spokane, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6825 Country Homes Blvd
    VETERINARY, ANIMAL HOSPITAL

    6825 Country Homes Blvd, Spokane, WA 99208-4338

    Value Estimation by Request
    2,328 sqft 1.13 AC lot
    View details
    3104 Grand Blvd
    VETERINARY, ANIMAL HOSPITAL

    3104 Grand Blvd, Spokane, WA 99203-2604

    Value Estimation by Request
    1,163 sqft 0.15 AC lot
    View details
    3939 Freya St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    3939 Freya St, Spokane, WA 99217-6805

    $1,385,000
    Estimated value
    38,760 sqft 2.23 AC lot
    View details
    2704 Wnw Blvd
    VETERINARY, ANIMAL HOSPITAL

    2704 Wnw Blvd, Spokane, WA 99205-2369

    Value Estimation by Request
    1,788 sqft 0.15 AC lot
    View details
    2120 Wnw Blvd
    VETERINARY, ANIMAL HOSPITAL

    2120 Wnw Blvd, Spokane, WA 99205-3769

    Value Estimation by Request
    1,845 sqft 0.21 AC lot
    View details
    541 Boone Ave
    PROFESSIONAL CLUBS/ASSOCIATIONS

    541 Boone Ave, Spokane, WA 99201

    $1,975,000
    Estimated value
    43,661 sqft 1.66 AC lot
    View details
    4305 Division St
    CREMATORIUM, MORTUARY

    4305 Division St, Spokane, WA 99207-1610

    Value Estimation by Request
    8,074 sqft 0.58 AC lot
    View details
    7111 Division St
    FUNERAL HOME

    7111 Division St, Spokane, WA 99208-6523

    Value Estimation by Request
    8,336 sqft 1.79 AC lot
    View details
    5122 Division St
    DAY CARE, PRE-SCHOOL

    5122 Division St, Spokane, WA 99207-1415

    $1,270,000
    Estimated value
    3,808 sqft 0.41 AC lot
    View details
    4302 Cheney Spokane Rd
    VETERINARY, ANIMAL HOSPITAL

    4302 Cheney Spokane Rd, Spokane, WA 99224-9677

    Value Estimation by Request
    5,094 sqft 2.15 AC lot
    View details

    Spokane, WA Specialty Properties Market Trends and Statistics

    Explore 72 specialty properties for sale in Spokane, WA, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 88,560 square feet of properties for sale, with an estimated market value of $16,920,000.

    Sale prices for properties in Spokane, WA start at $450,000, averaging $2,115,000, and reaching up to $6,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    NNN properties 6
    Churches & religious facilities 5
    1031 exchange properties 1
    Schools 1

    Demographics Overview

    Population 390K
    Population Growth (5Y) +8.1%
    Median Household Income $73,015
    College Educated 35.9%

    High-Yield Neighborhoods for Investment

    Identify Spokane submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    99207 $350K
    99216 $365K
    99205 $662.5K
    99208 $2.5M
    99202 $2.9M

    Taxes & Financing

    Tax Rate (average for all types) 0.86%
    Property Tax per SF $10.24 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Spokane County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Spokane fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Spokane, WA

    • 99202
    • 99205
    • 99201
    • 99207
    • 99208
    • 99218

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