111 E Lincoln Rd - Office FOR SALE


Spokane, WA 99208- Nevada Lidgerwood
$1,250,000 USD
509-606-5055
111 E Lincoln Rd, Spokane, WA for Sale
$1,250,000 USD
Office - FOR SALE
1/12
null | 5.4% Cap Rate

111 E Lincoln Rd
Spokane, WA 99208
Nevada Lidgerwood


HIGHLIGHTS

  • Strong Cash Flow with Upside Potential: 100% leased multi-tenant office with in-place NOI and clear mark-to-market upside through rent growth.
  • Established Tenant Mix: Diverse, service-oriented tenants
  • Ample On-Site Parking: 35 parking stalls on a 0.55-acre lot provide a strong parking ratio for the 8,432 SF office building.
  • Excellent Retail Proximity: Located near high-traffic North Spokane retail corridors and surrounding residential neighborhoods

OVERVIEW

111 E Lincoln Rd is a 100% leased, multi-tenant office investment offered at $1,250,000. The 8,432 SF building sits on 0.55 acres with 36 on-site parking stalls and is zoned O-35, supporting long-term office and service-oriented use. The property generates $67,838 in current NOI (5.4% cap) with a clear path to $101,689 pro forma NOI (8.15% cap) through rent growth. The tenant mix includes counseling, nonprofit youth services, real estate, and salon users—providing stable, needs-based demand. Located near high-traffic North Spokane retail corridors with strong visibility and access, the asset offers immediate cash flow with upside potential

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

O

APN/PARCEL ID

36203.3214

ASK ABOUT THIS PROPERTY

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509-606-5055

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509-606-5055

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