1520 3Rd AveSpokane, WA 99201

Property Details for 1520 3Rd Ave

Year built

1976

Lot size

1.76 AC

Property size (Sq ft)

66,907 SF

Property type

Banks

APN

25241.2511

APU

252412511

Description

This exceptional medical and traditional office building, located at 1520 W 3rd Ave in Spokane, WA, 99201, offers a rare opportunity. The property boasts a total of 30,166 square feet situated on a generous 1.76-acre lot (approximately 76,500 square feet). Currently, there are two available office spaces ranging from 3,439 to 3,795 square feet, ideal for a variety of medical or professional practices. The building is zoned DTC (Downtown General), providing flexibility for various uses. Ample parking is available with approximately 94 stalls, offering a convenient 3.4 spaces per 1,000 square feet. The property's location in Spokane's vibrant downtown core provides excellent visibility and accessibility. The property's APN is 25241.2511, and it's situated in Spokane County. This is a multi-tenant building presenting a strong investment opportunity in a desirable location. The building's size and parking capacity make it suitable for a range of businesses seeking a prominent presence in the Spokane market. Contact us today to learn more about this exceptional property and the available suites.

• CAP approach

  CAP return

  Valuation

  6%

  $17,076,176

  6.5%

  $15,762,625

  7%

  $14,636,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,948,408

  Geo Method

  $35,948,408

• Alternative Use

  Use

  Valuation

  Residential

  $13,296,364

  Hospitality

  $12,179,398

  Educational

  $10,133,116

  Medical

  $10,481,609

  Retail

  $15,762,625

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.654

Longitude

-117.435

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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