1322 Whitman LnLiberty Lake, WA 99019

Property Details for 1322 Whitman Ln

Year built

2001

Lot size

3.07 AC

Property size (Sq ft)

14,632 SF

Property type

Office properties

Property subtype

Office buildings

APN

55156.9186

APU

551569186

Description

This exceptional Class A office building, located at 1322 N Whitman Ln in Liberty Lake, Washington, presents a compelling investment opportunity. Boasting a total of 42,551 square feet, this two-story structure was originally built in 2001 and underwent a significant renovation in 2007. The property offers flexible space options, with the potential to lease anywhere from 20,000 to 42,551 square feet, accommodating a variety of business needs. Its strategic location between Spokane, WA and Post Falls/Coeur d'Alene, ID, provides easy access to a thriving regional market. The building benefits from its proximity to new developments and enjoys high visibility from Interstate 90, ensuring strong brand recognition. Ample on-site parking is available for tenants and visitors. Separate entries at each end of the building enhance functionality and convenience. The asking price for this prime commercial property is $12,500,000. This presents a rare opportunity to acquire a well-maintained, highly visible, and strategically located office building in a rapidly growing area. The property's size, modern amenities, and convenient location make it an ideal investment for discerning buyers seeking a strong return on investment. The building's 2007 renovation ensures modern functionality and aesthetics, appealing to a wide range of potential tenants. The property's location in Spokane County, WA, zip code 99019, offers easy access to major transportation routes and a vibrant business community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,616,720

  6.5%

  $2,415,434

  7%

  $2,242,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,119,689

  Geo Method

  $3,119,689

• Alternative Use

  Use

  Valuation

  Residential

  $2,995,138

  Hospitality

  $2,743,530

  Educational

  $2,282,584

  Medical

  $2,361,086

  Retail

  $3,550,687

Location Insight

City

Liberty Lake

County

Spokane

State

Washington

Latitude

47.6684

Longitude

-117.11

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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