1717 W Broadway Ave - Office FOR SALE


Spokane, WA 99201
$3,211,000 USD
206-475-5578
1717 W Broadway Ave, Spokane, WA for Sale
$3,211,000 USD
Office - FOR SALE
1/4
null | 7% Cap Rate

1717 W Broadway Ave
Spokane, WA 99201


HIGHLIGHTS

  • Investment Grade Tenant
  • Low Rent
  • Recent Renovations

OVERVIEW

commercial property located just north of Kendall Yards, offering unmatched convenience and visibility with high traffic counts and seamless access off Maple Street. This standout asset is anchored by a 10-year lease with the Washington State Department of Corrections, a highly secure, investment-grade tenant backed by the State of Washington’s AA+ Fitch rating. Key highlights of this property include a competitive lease rate of $14.25/SF, presenting immediate potential for future upside compared to market rates averaging $17–18/SF. Recent improvements totaling over $400,000 have modernized the building, ensuring it is positioned for long-term tenant satisfaction and reduced capital expenses. Situated in a rapidly growing area with over 225,000 residents within a 5-mile radius and an anticipated 6.38% growth rate, this property benefits from strong local demographics and demand. Additionally, Washington State's income tax-free environment further enhances the appeal for businesses and investors alike.

FOR SALE DETAILS

PRICE

$3,211,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Broadway Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

CC1-NC

APN/PARCEL ID

25134.0407,25134.0408,25134.0410,25134.0411

ASK ABOUT THIS PROPERTY

206-475-5578

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206-475-5578

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