5505 Regal StSpokane, WA 99223
- Retail properties
- 24,398 SF
Property Details for 5505 Regal St
- Year built
- 1982
- Lot size
- 2.36 AC
- Property size (Sq ft)
- 24,398 SF
- Property type
- Retail properties
- Property subtype
- Other individual retail properties
- APN
- 34032.0485
- APU
- 340320485
Description
This exceptional single-tenant medical office building, located at 5505 S Regal St, Spokane, WA 99223, offers 39,700 total square feet on a 2.33-acre lot in Spokane County. Currently, 35,040 square feet is available for lease, presenting a significant opportunity for a medical practice seeking expansive space. The property is classified as both retail and office, and specifically designated as a medical office building, making it ideally suited for a variety of healthcare uses. Its single-tenant configuration provides a unique opportunity for a large practice or a business seeking a substantial footprint. The building's substantial size and prominent location in Spokane, Washington offer excellent visibility and accessibility for patients and staff. The property's ample square footage allows for significant expansion or customization to meet specific operational needs. This is a rare opportunity to secure a large, well-situated medical office building in a thriving Spokane County market. The property's location provides easy access to major transportation routes, ensuring convenient commutes for both employees and clients. Interested parties are encouraged to inquire for further details and leasing information. The property is available for lease.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $10,813,864
- 6.5%
- $9,982,029
- 7%
- $9,269,027
-
Comparable approach
- Method
- Valuation
- Relative Method
- $13,108,782
- Geo Method
- $13,108,782
-
Alternative Use
- Use
- Valuation
- Residential
- $8,420,215
- Hospitality
- $7,712,872
- Educational
- $6,417,018
- Medical
- $6,637,710
- Retail
- $9,982,029
Location Insight
- City
- Spokane
- County
- Spokane
- State
- Washington
- Latitude
- 47.6038
- Longitude
- -117.368
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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