514 S Washington St, Spokane, WA 99204
514 S Washington St, Spokane, WA 99204
514 S Washington St, Spokane, WA 99204
514 S Washington St, Spokane, WA 99204
514 S Washington St, Spokane, WA 99204
514 S Washington St, Spokane, WA 99204
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Rachel Krouse

Rachel Krouse

+1(509) 981-1881
Listed by Dallas Lightner • LT Real Estate
$ 2,000,000
Est. payment | /mo

11,250 SqFt

Save
$ 2,000,000
Est. payment | /mo
Save

11,250 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,250 sqft

Price per Sqft $177

MLS Listing ID 202625029

Year Built 1939

Lot Size 0.260 Acres

Lot Dimensions 0.26

Property Sub-Type Commercial

Property Description

Rare opportunity to acquire a single-tenant medical investment located on Spokane's South Hill in the heart of the medical district, with close proximity to two of the region's largest hospitals. The property is leased to Hanger Clinic Inc., a nationally recognized leader in prosthetic and orthotic care with more than 925 locations nationwide and backed by a corporate guaranty. The investment features 14 dedicated parking stalls, 2.5% annual rent increases, and two additional three-year lease options, providing potential lease term through 2035. The property is offered at $2,000,000 and features a 3,969 SF building originally constructed in 1939 and updated in 2007. The property generates an NOI of $110,944, representing a 5.55% cap rate.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Electric, Forced Air

Cooling Central Air

Exterior

View Y/N true

Roof Type Flat

Total Parking Spaces 14

Building

Story 1

Structure Type Brick Veneer,Fiber Cement

Schools

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash, Commercial

Listing Terms Conventional, Cash, Commercial

Nearby Locations

Rachel Krouse

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 981-1881

rachel@krousehouserealty.com

Amplify- 1311 N Washington Ste A, Spokane, Washington 99201, USA

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514 S Washington St