117 Pacific AveSpokane, WA 99201

Property Details for 117 Pacific Ave

Year built

1911

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

7,100 SF

Property type

Office buildings

APN

35191.0706

APU

351910706

Description

This exceptional 7,100 square foot commercial property, located at 117 W. Pacific Ave in Spokane County, offers a unique blend of retail and office space. The building, zoned DTG (City of Spokane), features two stories and sits on a 3,550 square foot lot (APN: 35191.0706). Currently fully vacant, the space is divisible into units ranging from 3,500 to 3,550 contiguous square feet, making it ideal for multiple tenants or a single large occupant. The property boasts attractive architectural features, seamlessly blending historic and contemporary design elements. The ground floor features large storefront windows perfect for retail, while the second floor offers professional office space with an outdoor patio area. High ceilings, exposed brick, and a recently completed remodel contribute to a move-in ready condition. The building's appealing facade and convenient surface parking nearby add to its desirability. This is a clean deal, suitable for both users and investors seeking a prime location in downtown Spokane. The main floor is designed for retail businesses with large storefront windows, while the second floor provides office space accessible via a separate ground floor entrance. Both floors are designed to accommodate diverse business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,232,708

  6.5%

  $1,137,884

  7%

  $1,056,607

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,513,791

  Geo Method

  $1,513,791

• Alternative Use

  Use

  Valuation

  Residential

  $1,410,976

  Hospitality

  $1,292,447

  Educational

  $1,075,300

  Medical

  $1,112,282

  Retail

  $1,672,690

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6553

Longitude

-117.414

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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