1229 1St AveSpokane, WA 99201

Property Details for 1229 1St Ave

Year built

1926

Lot size

0.18 AC

Property size (Sq ft)

7,063 SF

Property type

Office properties

Property subtype

Office buildings

APN

35192.1301

APU

351921301

Description

This exceptional 4,000-square-foot commercial property, located at 1229 W 1st Ave in Spokane, WA 99201, presents a unique opportunity for businesses seeking a versatile space in a vibrant urban setting. The property is classified as both retail and office space, making it ideal for a variety of uses. Currently, the entire 4,000 square feet is available for lease as a single tenant space. Situated in Spokane's Central Business District (CBD), this location offers unparalleled access to amenities, enhancing the appeal for both employees and customers. The building's flexible layout allows for customization to meet specific business needs, whether it's a retail showroom, executive office space, or a combination of both. The Spokane CBD submarket provides a strong foundation for business growth, with high visibility and convenient access to transportation networks. This property is a single-tenant space, offering complete control and privacy. The address is 1229 W 1st Ave, Spokane, WA 99201. This is a rare opportunity to secure a prominent location in the heart of Spokane's bustling business district. Don't miss out on this chance to establish your business in a prime, high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,226,284

  6.5%

  $1,131,954

  7%

  $1,051,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,505,902

  Geo Method

  $1,505,902

• Alternative Use

  Use

  Valuation

  Residential

  $1,403,623

  Hospitality

  $1,285,711

  Educational

  $1,069,697

  Medical

  $1,106,485

  Retail

  $1,663,973

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6562

Longitude

-117.431

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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