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601 W Maxwell Ave 5,024 SF 100% Leased Office Building Spokane, WA 99201 $575,000 ($114.45/SF)
Executive Summary
Positioned in the heart of Spokane’s rapidly evolving North Bank district, 601 W Maxwell presents a rare opportunity for both owner-users and investors to acquire a well-located four-unit office building in one of the city’s most active growth corridors. The freshly painted building features four efficiently designed office suites totaling approximately 4,284 usable square feet, with three suites currently occupied and producing stable income through base rent and utility reimbursements. A 984 square foot vacant suite provides immediate occupancy for an owner-user with investment return through cash flow from the existing tenants. The available suite offers an efficient layout with private office, open work area, kitchenette, and private restroom, making it ideal for a variety of professional office users.
For investors, the property offers an attractive blend of in-place income and future upside in a neighborhood experiencing significant public and private investment. Located just blocks from Spokane Arena, The Podium, ONE Spokane Stadium, Riverfront Park, Kendall Yards, and the Spokane County Campus, the property benefits from increasing activity, improved amenities, and strong long-term growth potential.
Property highlights include free on-site parking, secure building access with 24/7 security camera monitoring, flexible suite configurations, and convenient proximity to Downtown Spokane and the North Bank amenities corridor.
For investors, the property offers an attractive blend of in-place income and future upside in a neighborhood experiencing significant public and private investment. Located just blocks from Spokane Arena, The Podium, ONE Spokane Stadium, Riverfront Park, Kendall Yards, and the Spokane County Campus, the property benefits from increasing activity, improved amenities, and strong long-term growth potential.
Property highlights include free on-site parking, secure building access with 24/7 security camera monitoring, flexible suite configurations, and convenient proximity to Downtown Spokane and the North Bank amenities corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,024 SF
Building Class
B
Year Built
1950
Price
$575,000
Price Per SF
$114.45
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,512 SF
Slab To Slab
9’
Building FAR
0.77
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
CB-150 - CB-150
Parking
9 Spaces (1.79 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Storage Space
- Shower Facilities
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- River City Behavioral Health
- Health Care and Social Assistance
- -
-
$9.99
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Lorem Ipsum
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| River City Behavioral Health | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $218,000 | |
| Land Assessment | $100,880 | Total Assessment | $318,880 |
Property Taxes
Parcel Numbers
Land Assessment
$100,880
Improvements Assessment
$218,000
Total Assessment
$318,880
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601 W Maxwell Ave
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