112 E 1st Ave - Office FOR SALE


Spokane, WA 99202
$6,700,000 USD
509-321-2000
112 E 1st Ave, Spokane, WA for Sale
$6,700,000 USD
Office - FOR SALE
1/10
null | 5.31% Cap Rate

112 E 1st Ave
Spokane, WA 99202


HIGHLIGHTS

  • 115 E Pacific Ave: 26,612 SF
  • 112 E 1st Ave: 15,486 SF
  • Current tenants are Healing Room Ministries and On Fire Ministries
  • Leases on both buildings total a combined $29,659.51/month NNN
  • Property has 104 striped parking spaces

OVERVIEW

NNN leased investment property available for sale or joint venture Rare opportunity to own an entire city block in Spokane's fast growing University District Potential 2 acre redevelopment site with very flexible GC-150 Zoning and parking requirement waived Excellent location in an opportunity zone with close proximity to Downtown Spokane

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

5.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University District 2 Acre Redevelopment Site

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

GC-150

APN/PARCEL ID

35202.0933,35202.0934

ASK ABOUT THIS PROPERTY

Jordan Lester, CCIM, MBASVN | CornerstoneMore Info
509-321-2000

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Jordan Lester, CCIM, MBASVN | CornerstoneMore Info
509-321-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.