116 W Pacific Ave - Office FOR SALE


Spokane, WA 99201- City Center Spokane
$4,600,000 USD
509-344-4919
116 W Pacific Ave, Spokane, WA for Sale
$4,600,000 USD
Office - FOR SALE
1/17
null | Request Cap Rate

116 W Pacific Ave
Spokane, WA 99201
City Center Spokane


OVERVIEW

The former Cold Storage Warehouse at 116 W Pacific Avenue is a striking, fully renovated historic asset in the heart of downtown Spokane. Originally constructed in 1911, this ±37,125 square foot mixed-use building has been thoughtfully transformed into a high-performing property featuring a first-floor event venue, two floors of creative office space, and secured underground parking. The offering presents a rare opportunity to acquire a character-rich asset with immediate occupancy potential and in-place income. At closing, approximately two-thirds of the building can be made available for an owner-user, while the seller is open to a short-term sale-leaseback, providing near-term cash flow and flexibility during transition. A dedicated surface parking lot further enhances functionality for both employees and clients, while providing additional income.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

DTG

APN/PARCEL ID

35191.0304

ASK ABOUT THIS PROPERTY

Stephen BarbieriGoodale & Barbieri CompanyMore Info
509-344-4919

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Stephen BarbieriGoodale & Barbieri CompanyMore Info
509-344-4919

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