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Vacant-User

U-District Redevelopment

411 E Sprague Ave, Spokane, WA 99202

Listing Price: Request For Offer

Gross SF
14,258
Lot Size
0.46 acres
Year Built
1945
Rentable SF
14,258

Investment Overview

The masonry building is located in the South University District subarea of Spokane's growing University District and presents a unique redevelopment or repurposing opportunity. The building has functioned as a variety of retail, office and industrial uses. Its current Highest and Best use is to be determined by the buyer, but the opportunities are numerous. The building has the potential for development as office, restaurant, retail, or university use. The roof has been updated with a new membrane within the last few years, and the 16' clear height could benefit a variety of uses. The area surrounding the subject property is undergoing dramatic change with several significant revitalization and development projects recently completed or currently ongoing. The University District Gateway Bridge serves to connect the urban campuses of six higher education institutions and their 11,000+ students on the north side of the BNSF railroad tracks to the South University District subarea (in which the subject property is located). The bridge is considered vital to future renovation or redevelopment in this area. The beneficial link created by the Gateway Bridge is evidenced by the six-story, +- 140,000-sf structure named the "Catalyst Project" on five acres of land near the subject property. In early February 2018, Eastern Washington University announced that it will move into a large portion of the Catalyst Project. Additionally, a mixed-use 7-story retail and apartment building named the Boxcar Apartments is currently under construction to the immediate northwest of the subject property; and Washington State University has announced a plan to move the Steve Gleason Institute of Neuroscience to the immediate west.

Investment Highlights

  • Prime U-District location
  • Strong masonry structure with 16' clear heights
  • General Commercial zoning allows for a variety of uses
  • Federal and local incentives available for developers

Exclusively Listed By

Vacant-User

U-District Redevelopment

Listing Price: Request For Offer

Gross SF
14,258
Lot Size
0.46 acres
Year Built
1945
Rentable SF
14,258

Investment Highlights

  • Prime U-District location
  • Strong masonry structure with 16' clear heights
  • General Commercial zoning allows for a variety of uses
  • Federal and local incentives available for developers

Investment Overview

The masonry building is located in the South University District subarea of Spokane's growing University District and presents a unique redevelopment or repurposing opportunity. The building has functioned as a variety of retail, office and industrial uses. Its current Highest and Best use is to be determined by the buyer, but the opportunities are numerous. The building has the potential for development as office, restaurant, retail, or university use. The roof has been updated with a new membrane within the last few years, and the 16' clear height could benefit a variety of uses. The area surrounding the subject property is undergoing dramatic change with several significant revitalization and development projects recently completed or currently ongoing. The University District Gateway Bridge serves to connect the urban campuses of six higher education institutions and their 11,000+ students on the north side of the BNSF railroad tracks to the South University District subarea (in which the subject property is located). The bridge is considered vital to future renovation or redevelopment in this area. The beneficial link created by the Gateway Bridge is evidenced by the six-story, +- 140,000-sf structure named the "Catalyst Project" on five acres of land near the subject property. In early February 2018, Eastern Washington University announced that it will move into a large portion of the Catalyst Project. Additionally, a mixed-use 7-story retail and apartment building named the Boxcar Apartments is currently under construction to the immediate northwest of the subject property; and Washington State University has announced a plan to move the Steve Gleason Institute of Neuroscience to the immediate west.

Exclusively Listed By

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