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707 W Main Ave
Spokane, WA 99201
Crescent Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Residential Conversion or Downtown Office Investment Opportunity
- Ideal Spokane CBD location
- Proximate to Spokane's Largest Employers and Anchored by Local University Presence
EXECUTIVE SUMMARY
The Crescent Building at 707 W Main Avenue presents an exceptional downtown Spokane investment opportunity, offering ±253,194 SF across floors 2-7 (±181,796 SF) and the lower level (±50,102 SF). The first-floor retail space is excluded from this offering and remains under separate ownership. This historic landmark provides investors with flexible options for residential conversion (architect-designed 90-unit plan available) or continued office use in Spokane's thriving Central Business District, complete with Opportunity Zone benefits and potential Historic Tax Credits.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
226,163 SF
Building Class
B
Year Built/Renovated
1918/2006
Price
$5,499,000
Price Per SF
$24.31
Percent Leased
98%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
28,270 SF
Building FAR
5.64
Lot Size
0.92 AC
Opportunity Zone
Yes
Zoning
CBD-1 - Central Business
Parking
50 Spaces (0.22 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Property Manager on Site
- Restaurant
- Skyway
- Air Conditioning
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VIDEOS
MATTERPORT 3D EXTERIOR
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