903 Wellesley AveSpokane, WA 99207

Property Details for 903 Wellesley Ave

Year built

1965

Construction

STEEL FRAME

Lot size

0.13 AC

Property size (Sq ft)

1,200 SF

Property type

Office buildings

APN

36324.3516

APU

363243516

Description

This exceptional 1,200-square-foot office space in Spokane, Washington, is perfectly situated at 903 E Wellesley Ave, near Nevada Street. The property is a single-story Class B building, completely renovated in 2024, offering a total of two suites. The entire 1,200 square feet is currently vacant and available for lease as a single unit or can be divided into two 600-square-foot spaces, making it ideal for a variety of businesses. The flexible layout allows for customization to meet individual tenant needs. Located in Spokane County, the property boasts a convenient commercial zoning designation, ensuring ease of operation for a wide range of commercial enterprises. The address is 903 E Wellesley Ave, Spokane, WA 99207. This prime location offers excellent visibility and accessibility. The property's recent renovation ensures modern amenities and a professional environment. Don't miss this opportunity to secure this versatile and well-maintained office space in a thriving Spokane location. The minimum leasable space is 600 square feet, while the maximum contiguous space available is 1,200 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $243,814

  6.5%

  $225,059

  7%

  $208,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $255,852

  Geo Method

  $255,852

• Alternative Use

  Use

  Valuation

  Residential

  $279,074

  Hospitality

  $255,630

  Educational

  $212,681

  Medical

  $219,996

  Retail

  $330,837

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7009

Longitude

-117.396

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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