627 Sprague AveSpokane, WA 99202

Property Details for 627 Sprague Ave

Year built

1954

Lot size

1.50 AC

Property size (Sq ft)

300 SF

Property type

Retail properties

Property subtype

Banks

APN

35173.1003

APU

351731003

Description

This exceptional two-story Class B office building, located at 627 E Sprague Ave in Spokane, WA, offers a unique opportunity for businesses seeking flexible and spacious executive office space. The property boasts a total of 35,311 square feet, with a significant 28,800 square feet currently vacant and immediately available for lease. Units can be leased in sizes ranging from a minimum of 5,000 square feet up to the entire 28,800 contiguous square feet. Built in 1954 and situated on a generous 1.5-acre lot, the building provides ample parking with 144 spaces for tenants and their guests. The property is zoned GC and is located in Spokane County, WA, zip code 99202. This prime location offers excellent visibility and accessibility. The building's multiple tenancy structure allows for a diverse range of business configurations. This is an ideal opportunity for a company seeking a prominent presence in Spokane's thriving business community. The substantial vacant space presents a rare chance to customize the office environment to perfectly suit your specific needs and operational requirements. Don't miss this chance to secure a highly desirable office space in a well-established location.

• CAP approach

  CAP return

  Valuation

  6%

  $76,567

  6.5%

  $70,677

  7%

  $65,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $161,187

  Geo Method

  $161,187

• Alternative Use

  Use

  Valuation

  Residential

  $59,619

  Hospitality

  $54,610

  Educational

  $45,435

  Medical

  $46,998

  Retail

  $70,677

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6579

Longitude

-117.401

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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