601 1St AveSpokane, WA 99201

Property Details for 601 1St Ave

Year built

1981

Lot size

0.38 AC

Property size (Sq ft)

14,479 SF

Property type

Retail properties

Property subtype

Banks

APN

35191.2506

APU

351912506

Description

This exceptional office space in the Washington Trust Bank Tower East, located at 601 W 1st Ave, Spokane, WA 99201, offers multiple floors for lease, totaling up to 12,066 rentable square feet. The building boasts a prime location on 1st Avenue in Spokane County, providing convenient access to I-90 and Spokane Transit Authority (STA) bus lines, ensuring easy commutes for employees. The property features adaptable floor layouts to suit various business needs, complemented by abundant natural light and city views. Enjoy the convenience of a new fitness center equipped with showers and lockers, along with shared conference rooms available for reservation. The building benefits from an efficient core design, including an updated lobby and private office thermostats for climate control. On-site property management ensures smooth operations. New long-term ownership is committed to ongoing capital improvements. Parking is readily available at a ratio of one stall per 1,000 square feet. The building's proximity to numerous high-quality retail and dining establishments adds to its appeal. This is a truly exceptional opportunity to secure prestigious office space in the heart of Spokane.

• CAP approach

  CAP return

  Valuation

  6%

  $3,695,368

  6.5%

  $3,411,109

  7%

  $3,167,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,779,410

  Geo Method

  $7,779,410

• Alternative Use

  Use

  Valuation

  Residential

  $2,877,398

  Hospitality

  $2,635,681

  Educational

  $2,192,856

  Medical

  $2,268,271

  Retail

  $3,411,109

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6563

Longitude

-117.422

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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