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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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