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514 W 1st Ave - Avenue 1 4,338 SF Office/Retail Condo Unit Offered at $499,000 in Spokane, WA 99201
Investment Highlights
- Various Property Use Options
- Close Proximity to Interstate-90
- Parking Garage available for addtl fee
- High Traffic and Visability
Executive Summary
Located in the historic Ridpath building in downtown Spokane, this property offers two vacant units totaling over 4,300 SF.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
This offering includes Unit 1 (2,300 SF) and Unit 2 (2,038 SF). The units are currently vacant and are not built out leaving a buyer a blank canvas to create a residential, retail, or office space.
Sale Notes
Located at 515 W. 1st Ave, the historic Ridpath is a premier mixed-use investment in the heart of Spokane. Its Downtown General (DTG) zoning offers maximum flexibility, actively encouraging a blend of residential, office, and high-traffic retail.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1&2 | 4,338 SF | Office/Retail | $499,000 ($115.03/SF) | - |
Unit 1&2
| Unit Size |
| 4,338 SF |
| Condo Use |
| Office/Retail |
| Price |
| $499,000 ($115.03/SF) |
| NOI |
| - |
1 of 1
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Unit 1&2
| Unit Size | 4,338 SF |
| Condo Use | Office/Retail |
| Price | $499,000 ($115.03/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| This offering includes Unit 1 (2,300 SF) and Unit 2 (2,038 SF). The units are currently vacant and are not built out leaving a buyer a blank canvas to create a residential, retail, or office space.</li></ul> | |
| Sale Notes | |
| Located at 515 W. 1st Ave, the historic Ridpath is a premier mixed-use investment in the heart of Spokane. Its Downtown General (DTG) zoning offers maximum flexibility, actively encouraging a blend of residential, office, and high-traffic retail.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 4,338 SF | Typical Floor Size | 4,338 SF |
| Property Type | Multifamily (Condo) | Year Built | 1906 |
| Property Subtype | Apartment | Lot Size | 0.16 AC |
| Building Class | B | Opportunity Zone |
Yes
|
| Floors | 1 | ||
| Zoning | DTC | ||
| Total Building Size | 4,338 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 4,338 SF |
| Year Built | 1906 |
| Lot Size | 0.16 AC |
| Opportunity Zone |
Yes |
| Zoning | DTC |
Amenities
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Detector
1 1
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
70/100
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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514 W 1st Ave - Avenue 1
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