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1003 E 3rd Ave
Spokane, WA 99202 U-District

$3,800,000 USD

Freestanding For Sale  •  22,750 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 22,750 SF
  • Lot Size 2.18 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 6.52 %
  • Tenancy Single
  • Zoning GC
40 Transit Score
60 Walk Score

Highlights

LONG-TERM LEASE AND INCOME SECURITY A newly executed 10-year corporately guaranteed lease (March 2026) provides long-term contractual income.
RECENT ACQUISITION AND GROWTH RECAPITALIZATION Atlas Holdings acquired The ODP Corporation in December 2025 in an approximately $1 billion transaction
PROVEN LOCATION, FUNCTIONAL SITE & OPERATING HISTORY Continuous operation since 1990 demonstrates long-term success and performance.
ESTABLISHED AND SCALED TENANT PLATFORM The ODP Corporation generated approximately $6.99 billion in 2024 revenue and operates 869 locations.
HIGH-VISIBILITY & REGIONAL CONNECTIVITY Direct exposure and signage to Interstate 90 (100,000+ VPD) with proximity to the University District.
FLEXIBLE HIGH-DENSITY ZONING Generous growth oriented General Commercial zoning allows up to approximately 150-foot building height and broad uses.

Property Flyers

Cap Rate: 6.52 %

Major Tenants

Tenant SF Occupied Lease End Date
Office Depot 11/30/2036

Amenities

  • Freeway Visibility
  • Pylon Sign

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.2 mi
AirportDriveWalkDistance
Spokane International 13 min - 7.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Brian Leibsohn 425-455-3131 Linc Properties
Brian Leibsohn 425-455-3131 Linc Properties