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1st Floor - Unit A & B
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Office/Retail
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5,362 SF
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$400,000 USD
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Unit Size: 5,362 SF
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Condo Use: Office/Retail
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Price: $400,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $74.60 USD
Description
Iconic Downtown Spokane Mixed-Use Retail / Office Opportunity | 401 W First Ave
401 W First Ave presents a rare, flexible investment or owner-user opportunity in the heart of downtown Spokane’s vibrant commercial core. This historic ±12,026 SF three-story storefront retail/office building (Class B, built 1901 and updated 2007) offers creative office, retail or mixed-use potential with excellent visibility on a high-foot-traffic corner location.
Positioned on a prominent corner with ±119’ of frontage on W First Ave, the property features flexible floor plates (±5,362 SF typical) with open plan layouts, abundant natural light and exposed brick — ideal for users seeking character and versatility. The space accommodates a variety of uses including boutique retail, professional office, creative space, or showrooms.
With a rare combination of walkable downtown exposure and excellent transit and pedestrian access (Walk Score: 98 “Walker’s Paradise”, Transit Score: 71, Bike Score: 76), tenants and owners benefit from strong urban connectivity and proximate amenities — restaurants, services, entertainment, and significant daytime workforce activity.
For Sale: Offered at $400,000 for 2 suites (5,362 SF) at street level, this property represents significant value for investors or owner-users pursuing long-term appreciation and adaptive use potential.
For Lease: Competitive asking rate of $10/SF provides an affordable entry point for occupiers seeking Central Business District location with customizable space. (Lease details available upon request.)
Located in a commercially zoned Opportunity Zone, the property also offers potential tax incentives and redevelopment upside for qualified investors. Amenities include 24-hour access and a secure corner lot footprint — all within one of Spokane’s most dynamic urban corridors.
Ideal for retail concepts, professional and creative services, tech or collaborative office users, and investors aiming for immediate occupancy with future upside.
Sale Notes
For Sale $400,000 or lease at $10/SF Full-service/negotiable terms
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