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622 E 2nd Ave
Spokane, WA 99202
Office Property For Sale
EXECUTIVE SUMMARY
This bite-size investment offering includes a total of ±7,368 Building SF and features an overhead door, offering versatility for a range of tenants. Situated on a ±0.33-acre lot with ±24 convenient on-site parking stalls, the property is uniquely located on the periphery of Spokane’s Central Business District, providing easy access to downtown. Currently leased to a stable, long-term tenant, the property delivers consistent income and dependable performance. Its combination of manageable scale, flexibility of use, and strategic location makes this an appealing opportunity for investors seeking a secure, low-maintenance asset.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
7,368 SF
Building Class
B
Year Built
1978
Price
$1,367,400 CAD
Price Per SF
$185.59 CAD
Cap Rate
6.50%
NOI
$88,881 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
7,368 SF
Building FAR
0.51
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
GC-150 - General Commercial
Parking
18 Spaces (2.44 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 35202.2801 | Improvements Assessment | $841,097 CAD |
| Land Assessment | $200,362 CAD | Total Assessment | $1,041,459 CAD |
PROPERTY TAXES
Parcel Number
35202.2801
Land Assessment
$200,362 CAD
Improvements Assessment
$841,097 CAD
Total Assessment
$1,041,459 CAD
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