1915 Division StSpokane, WA 99207

Property Details for 1915 Division St

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 AC

Property size (Sq ft)

4,440 SF

Property type

Medical offices

Property subtype

Medical space

APN

35074.3502

APU

350743502

Description

This exceptional 5,472 square foot commercial property, situated at 1915 N Division St in Spokane, WA, presents a unique investment opportunity. Currently configured as a 4,440 square foot dental lab, this building offers immense versatility and potential for a variety of uses. Its central location, less than a mile north of the Spokane Convention Center, provides excellent visibility and accessibility. The property benefits from a high-traffic location between established businesses, Blades Hair Studio and Spokane Furniture Company, ensuring consistent foot traffic. The convenient location, just half a block north of Indiana Avenue, adds to its appeal. The building's spacious layout includes an upper level that could potentially be converted into an apartment, adding significant value and rental income possibilities. The 0.13-acre lot provides ample space for parking and future expansion. This well-maintained office building is a rare find, offering a substantial amount of space at an attractive price point of $699,900. The existing dental lab setup provides a solid foundation for a new owner, while the building's adaptability allows for a wide range of future uses. Don't miss this chance to acquire a prime commercial property in a thriving Spokane location.

• CAP approach

  CAP return

  Valuation

  6%

  $902,113

  6.5%

  $832,720

  7%

  $773,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $946,652

  Geo Method

  $946,652

• Alternative Use

  Use

  Valuation

  Residential

  $1,032,572

  Hospitality

  $945,831

  Educational

  $786,920

  Medical

  $813,983

  Retail

  $1,224,098

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6755

Longitude

-117.412

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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