1st Ave Redevelopment Opportunity | 911-917 W 1st Ave
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1st Ave Redevelopment Opportunity 911-917 W 1st Ave
53,494 SF 100% Leased Retail Building Spokane, WA 99201 $3,300,000 ($62/SF)
Investment Highlights
- Prime location in downtown Spokane
- Easy access to freeways and excellent proximity to nearby amenities
- Within walking distance of numerous restaurants, breweries, River Park Square & Riverfront Park
- Kitty corner from the Fox Theater, one block away from the Historic Davenport Hotel and Bing Crosby Theater
- Located in the heart of Spokane’s fastest growing neighborhood
- This location on the map for Central City Line rapid transit with drops blocks away from convention center
Executive Summary
Excellent opportunity to redevelop a prime property in the heart of downtown Spokane, located on 1st Avenue near the historic Davenport Hotel.
The structure at 911 West 1st Avenue incorporates 7,765 sq. ft. of land and 22,478 sq. ft. of building on 4 levels including the lower level. 917 West 1st Avenue incorporates 7,766 sq. ft. of land and 31,016 sq. ft. of building on 4 levels including the lower level.
The structure at 911 West 1st Avenue incorporates 7,765 sq. ft. of land and 22,478 sq. ft. of building on 4 levels including the lower level. 917 West 1st Avenue incorporates 7,766 sq. ft. of land and 31,016 sq. ft. of building on 4 levels including the lower level.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
53,494 SF
Building Class
B
Year Built
1906
Price
$3,300,000
Price Per SF
$62
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.44
Land Acres
0.36 AC
Opportunity Zone
Yes
Zoning
Downtown Core
Frontage
55 FT on W 1st Ave
Amenities
- Bus Line
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (97)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $881,100 | |
Land Assessment | $465,930 | Total Assessment | $1,347,030 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$465,930
Improvements Assessment
$881,100
Total Assessment
$1,347,030
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1st Ave Redevelopment Opportunity | 911-917 W 1st Ave
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