2026 Washington StSpokane, WA 99205

Property Details for 2026 Washington St

Year built

1908

Construction

STEEL FRAME

Lot size

0.14 AC

Property size (Sq ft)

2,658 SF

Property type

Office buildings

APN

35074.3007

APU

350743007

Description

This exceptional commercial property at 2026 N Washington Street in Spokane, WA, presents a fantastic opportunity. The single-story building offers over 2650 square feet of versatile space, ideal for a variety of businesses. Currently vacant, the building is in good condition and ready for immediate occupancy. The layout includes nine offices, two bathrooms, a break room, two reception areas, and a dedicated computer room. A full basement provides ample storage and utility space. Parking is readily available, with 8 to 10 spaces provided on the south and west sides of the building, in addition to street parking. The building features a modern heat pump system and a security system for added peace of mind. Its previous use as a financial services firm demonstrates its suitability for a wide range of professional applications, including medical practices, administrative offices, or other similar businesses. This corner lot location offers excellent visibility and accessibility, making it a highly desirable location in Spokane's urban core. Priced at $349,000, this property represents an excellent value for its size, features, and prime location. The building is ready for immediate use or can be easily reconfigured and refurbished to meet specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $434,864

  6.5%

  $401,413

  7%

  $372,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $566,712

  Geo Method

  $566,712

• Alternative Use

  Use

  Valuation

  Residential

  $497,752

  Hospitality

  $455,939

  Educational

  $379,336

  Medical

  $392,381

  Retail

  $590,077

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6765

Longitude

-117.417

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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