505 Riverside AveSpokane, WA 99201

Property Details for 505 Riverside Ave

Year built

1890

Lot size

0.21 AC

Property size (Sq ft)

8,376 SF

Property type

Office properties

Property subtype

Office buildings

APN

35184.2701

APU

351842701

Description

The Fernwell Building, located at 505 W Riverside Ave, Spokane, WA 99201, offers exceptional office space for lease. This six-story, Victorian-era building boasts 50,256 square feet on a 0.21-acre lot, with cross-street access via Stevens Street (APN 35184.2701). The building features a stunning six-story atrium with a central skylight, creating a bright and inviting atmosphere. Multiple tenancy options are available, ranging from 959 square feet to 7,173 square feet, with additional space potentially available. The building is equipped with energy-efficient systems and incorporates green and sustainable management practices. High-speed internet connectivity is provided by fiber optic providers XO and CenturyLink, as well as Comcast. Ample parking is conveniently located within a two-block radius. This property presents a unique opportunity to lease high-quality office space in a desirable Spokane location, combining historical charm with modern amenities. The building's traditional and executive office spaces cater to a variety of business needs. Inquire today to learn more about available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $1,454,248

  6.5%

  $1,342,383

  7%

  $1,246,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,785,847

  Geo Method

  $1,785,847

• Alternative Use

  Use

  Valuation

  Residential

  $1,664,554

  Hospitality

  $1,524,723

  Educational

  $1,268,552

  Medical

  $1,312,179

  Retail

  $1,973,302

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6577

Longitude

-117.42

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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