124 Jefferson StSpokane, WA 99201

For Sale
$1,300,000

Historic Flex Space, Redevelopment Ready

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents three prime commercial buildings in Spokane's vibrant Central Business District (CBD). The portfolio comprises a total of approximately 21,677 square feet across three buildings situated on a combined lot size of approximately 0.38 acres (16,500 square feet). The buildings, constructed in 1900 and 1911, boast a rich history, previously serving as a cold storage and ice packing facility. Their adaptive zoning allows for a multitude of redevelopment possibilities, catering to a range of commercial uses. The properties benefit from superb visibility and location, adjacent to recently revitalized commercial spaces, positioning them ideally for future growth within the evolving downtown landscape. The addresses are 124 S Jefferson Street, 1212 W Railroad Alley, and 1216 W Railroad Alley, Spokane, WA 99201. Parcel numbers are 35192.5327, 35192.5328, and 35192.5329. Currently vacant, this portfolio offers a unique chance to acquire a significant piece of Spokane's downtown history and shape its future. The flexible space is suitable for various uses, including flex space, refrigerated/cold storage, and storefront retail, making it an attractive proposition for investors seeking a high-potential redevelopment project in a rapidly growing area. The buildings are two stories each. This is a rare opportunity to acquire a substantial and historically significant property in a prime downtown location.

Highlights

  • Three (3) buildings totaling ±21,677 square feet on a ±0.38-acre lot.
  • Located in Spokane's Central Business District (CBD) at 124 S Jefferson Street, 1212 W Railroad Alley, and 1216 W Railroad Alley, Spokane, WA 99201. Parcel Numbers: 35192.5327, 35192.5328, and 35192.5329.
  • Built in 1900 and 1911, each building is two stories. Adaptive zoning allows for diverse commercial uses.
  • Excellent visibility and location in a revitalized area, offering high redevelopment potential.
  • Currently vacant, presenting a unique opportunity to acquire a historically significant property.

Property Details for 124 Jefferson St

Property type
Refrigeration & cold storage, Other retail properties
Square Feet
21,677 SF
Year Built
1900
Buildings
3
Stories
2
Lot Size (sq. ft)
16,553 SF

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.6558488
Longitude
-117.4298748
124 Jefferson St, Spokane, Washington

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124 Jefferson St
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