Your email has been sent.
401 W First Ave 5,362 SF Office/Retail Condo Unit Offered at $600,000 in Spokane, WA 99201
Investment Highlights
- Lots of Natural Light
- Secure Building Fiber, Internet and Network Infrastructure Private Bathroom
- Private Bathroom
- Open Floor Plan with Exposed Brick
- Fiber, Internet and Network Infrastructure
Executive Summary
You deserve more than grey carpet and drop ceilings. The exposed brick, natural light, and actual personality at 401 W 1st will bring people in. Available to lease or buy. This tech-forward, open concept layout is ready for you to reshape or to use as is. With security systems, conference areas, and fiber/CAT5e infrastructure already in place, you can show up looking established on day one. Move in for just $10/SF. You’ll have a downtown presence with serious appeal. 401 W First Ave presents a rare, flexible investment or owner-user opportunity in the heart of downtown Spokane’s vibrant commercial core. This historic ±12,026 SF three-story storefront retail/office building (Class B, built 1901 and updated 2007) offers creative office, retail or mixed-use potential with excellent visibility on a high-foot-traffic corner location. Positioned on a prominent corner with ±119’ of frontage on W First Ave, the property features flexible floor plates (±5,362) with open plan layouts, abundant natural light and exposed brick — ideal for users seeking character and versatility. The space accommodates a variety of uses, including boutique retail, professional office, creative space, or showrooms. With a rare combination of walkable downtown exposure and excellent transit and pedestrian access (Walk Score: 98 “Walker’s Paradise”, Transit Score: 71, Bike Score: 76), tenants and owners benefit from strong urban connectivity and proximate amenities — restaurants, services, entertainment, and significant daytime workforce activity. For Sale: Offered at $600,000 for 2 suites (5,362 SF) at street level, this property represents significant value for investors or owner-users pursuing long-term appreciation and adaptive use potential. For Lease: Competitive asking rate of $10/SF ($4,468/Month) provides an affordable entry point for occupiers seeking Central Business District location with customizable space. (More lease details available upon request.) Located in a commercially zoned Opportunity Zone, the property also offers potential tax incentives and redevelopment upside for qualified investors. Amenities include 24-hour access and a secure corner lot footprint — all within one of Spokane’s most dynamic urban corridors. Ideal for retail concepts, professional and creative services, tech or collaborative office users, and investors aiming for immediate occupancy with future upside.
Property Facts
| Total Building Size | 12,026 SF | Typical Floor Size | 5,362 SF |
| Property Type | Retail (Condo) | Year Built | 1901 |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.21 AC |
| Building Class | B | Parking Ratio | 0.17/1,000 SF |
| Floors | 3 | Opportunity Zone |
Yes
|
| Zoning | Commercial - Located in a commercially zoned Opportunity Zone, the property also offers potential tax incentives and redevelopment upside for qualified investors. | ||
| Total Building Size | 12,026 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 5,362 SF |
| Year Built | 1901 |
| Lot Size | 0.21 AC |
| Parking Ratio | 0.17/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Located in a commercially zoned Opportunity Zone, the property also offers potential tax incentives and redevelopment upside for qualified investors. |
Amenities
- 24 Hour Access
- Controlled Access
- Corner Lot
- Courtyard
- Property Manager on Site
- Security System
- Signalized Intersection
- Storage Space
- Air Conditioning
- Fiber Optic Internet
1 Unit Available
Unit A & B
| Unit Size | 5,362 SF | Condo Use | Office/Retail |
| Price | $600,000 | Sale Type | Investment or Owner User |
| Price Per SF | $111.90 |
| Unit Size | 5,362 SF |
| Price | $600,000 |
| Price Per SF | $111.90 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
Description
Iconic Downtown Spokane Mixed-Use Retail / Office Opportunity | 401 W First Ave
401 W First Ave presents a rare, flexible investment or owner-user opportunity in the heart of downtown Spokane’s vibrant commercial core. This historic ±12,026 SF three-story storefront retail/office building (Class B, built 1901 and updated 2007) offers creative office, retail or mixed-use potential with excellent visibility on a high-foot-traffic corner location.
Positioned on a prominent corner with ±119’ of frontage on W First Ave, the property features flexible floor plates (±5,362 SF typical) with open plan layouts, abundant natural light and exposed brick — ideal for users seeking character and versatility. The space accommodates a variety of uses including boutique retail, professional office, creative space, or showrooms.
With a rare combination of walkable downtown exposure and excellent transit and pedestrian access (Walk Score: 98 “Walker’s Paradise”, Transit Score: 71, Bike Score: 76), tenants and owners benefit from strong urban connectivity and proximate amenities — restaurants, services, entertainment, and significant daytime workforce activity.
For Sale: Offered at $400,000 for 2 suites (5,362 SF) at street level, this property represents significant value for investors or owner-users pursuing long-term appreciation and adaptive use potential.
For Lease: Competitive asking rate of $10/SF provides an affordable entry point for occupiers seeking Central Business District location with customizable space. (Lease details available upon request.)
Located in a commercially zoned Opportunity Zone, the property also offers potential tax incentives and redevelopment upside for qualified investors. Amenities include 24-hour access and a secure corner lot footprint — all within one of Spokane’s most dynamic urban corridors.
Ideal for retail concepts, professional and creative services, tech or collaborative office users, and investors aiming for immediate occupancy with future upside.
Sale Notes
For Sale $400,000 or lease at $10/SF Full-service/negotiable terms
Nearby Major Retailers
Presented by
Persistent Movement, LLC
401 W First Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.