1319 1St AveSpokane, WA 99201

Property Details for 1319 1St Ave

Year built

1926

Construction

CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

15,600 SF

Property type

Retail space

APN

35192.1401

APU

351921401

Description

The Eldridge Building, a 62,400 square foot, four-story structure at 1319 & 1325 W 1st Avenue in Spokane, WA 99201, presents a unique investment opportunity. Built in 1925, this historically significant building, originally a Buick dealership, boasts a prime location in the heart of downtown Spokane's Carnegie Square, known for its commercial transportation history. The building offers a blend of retail and traditional office spaces, catering to diverse business needs. It features surface, interior, and rooftop parking for tenants and

• CAP approach

  CAP return

  Valuation

  6%

  $3,154,560

  6.5%

  $2,911,900

  7%

  $2,703,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,459,120

  Geo Method

  $3,459,120

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,740,230

  Mixed-Use / Specialty

  $2,876,570

  Hospitality / Lodging

  $2,077,960

  Office

  $2,833,490

  Institutional / Educational

  $2,981,550

  Residential Income

  $3,488,420

  Multifamily

  $4,322,140

  Automotive / Energy

  $2,555,620

  Parking / Income-Based Land

  $906,563

  Restaurant / Food Service

  $1,442,880

  Healthcare / Senior Housing

  $2,975,450

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6562

Longitude

-117.432

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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