Stabilized Office Investment Opportunity
$1,250,000
111 E Lincoln Rd, Spokane, WA 99208
8,432 sqft
Building Size
0.55 acres
Lot Area
Details:
Highlights:
- Strong Cash Flow with Upside Potential: 100% leased multi-tenant office with in-place NOI and clear mark-to-market upside through rent growth.
- Established Tenant Mix: Diverse, service-oriented tenants—including counseling, nonprofit youth services, real estate, and salon—support stable, needs-based demand.
- Ample On-Site Parking: 35 parking stalls on a 0.55-acre lot provide a strong parking ratio for the 8,432 SF office building.
- Excellent Retail Proximity: Located near high-traffic North Spokane retail corridors and surrounding residential neighborhoods, offering strong visibility and convenient access.
Description:
111 E Lincoln Rd is a 100% leased, multi-tenant office investment offered at $1,250,000. The 8,432 SF building sits on 0.55 acres with 36 on-site parking stalls and is zoned O-35, supporting long-term office and service oriented use. The property generates $67,838 in current NOI (5.4% cap) with a clear path to $101,689 pro forma NOI (8.15% cap) through rent growth. The tenant mix includes counseling, nonprofit youth services, real estate, and salon users—providing stable, needs-based demand. Located near high-traffic North Spokane retail corridors with strong visibility and access, the asset offers immediate cash flow with upside potential
Located just off North Division Street, Spokane’s primary retail corridor with over 37,000 vehicles per day, the property benefits from strong visibility, nearby national retailers, and access to surrounding residential neighborhoods.
Documents:
| Title | ||
|---|---|---|
| 111-Licoln-OM-Flyer-Public.pdf |
Location
Gallery
