South Hill Office building

Office for Sale
Catylist Listing ID: 29841209
Property Subtypes: Office Building
Building Size (RSF): 3,522 SF
Gross Building Area: 4,100 SF
Gross Land Area: 7,100 SF
Sale Price: $325,000
Unit Price: $92.28 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: South Walnut Office Building
Usable Size (USF): 3,522 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/21/2017

Overview / Comments

Beautiful 1902 estate home converted into office space on one of Spokane's busiest thoroughfares. This building boast eight private office/conference room areas, three and a half baths spread over four levels, two kitchen areas and a finished attic area for additional office space or storage. Conveniently located on the SW corner of 7th and Walnut the property is well suited as office space for attorneys, counseling practices, and other professional service providers wishing to provide a more relaxed and homey atmosphere for their cliental. The building has addresses on Walnut and on 7th allowing for multiple business addresses. Seller is flexible on terms as they are retiring from their counseling business. Offices are currently occupied by counselors of various disciplines. Site has four off street parking stalls, a carriage house, ample curb side parking on two frontages and the owner just put on a new roof!

Additional Details

Nearest MSA: Spokane-Spokane Valley
County: Spokane
Taxing Authority: Spokane County
Tax ID/APN: 25244.3401
Zoning: OFFICE
Property Located Between: Maple and Walnut on 7th.
Property Visibility: Excellent
Highway Access: Located two blocks south of I-90 on Walnut St, the location enjoys easy access on and off the freeway and a straight shot across the river to the Court House Campus. The Hospital District is five blocks to the east.
Airports: SIA
Site Description: The site is located on the SW corner of 7th and Walnut on Spokane's Lower South Hill. The parcel contains a carriage house with paved off street parking and the main office building, a converted Victorian mansion.
Area Description: Spokane's lower South Hill is home to the Hospital District and professional service providers of multiple disciplines and it is the gateway to the more affluent areas of Spokane's South Hill.
Total Number of Buildings: 2
Number of Stories: 3
Typical SF / Floor: 1,760 SF
Year Built: 1902
Year Renovated: 2016
Roof Type: Hip
Construction/Siding: Wood Siding
Exterior Description: Sweeping wrap around porch with ADA access, carriage house, multiple entrances, and address on Walnut in addition to 7th.
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Carriage house, surface parking pad, and street
Total Parking Spaces: 8
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Central, Heat Pump
Air Conditioning: Engineered System, Window Unit
Internet Access: Cable, DSL, T1/T3
Interior Description: Beautiful 1902 estate home converted into office space on one of Spokane's busiest thoroughfares. This building boast eight private office/conference room areas, three and a half baths spread over four levels, two kitchen areas and a finished attic area for additional office space or storage. The building provides a more relaxed and homey atmosphere for cliental. The interior woodwork, fireplace, hardwood floors, and trims have been beautifully restored by the owner.
Zoning Description: The underlying Zoning is Multi-Family with a Conditional Use Permit for Office
Lot Frontage: 50
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: CANNONS ADD L1 B37

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,718 99,621 201,902
Median Age: 40.2 36.14 36.07
Households: 9,430 43,121 85,302
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