11,250 sqft

$2,000,000

514 S Washington St, Spokane WA, 99204

Price per sqft$177.78

Built in1939

Property size11,250 sqft

Property typeCommercial

Courtesy of LT Real Estate, Dallas Lightner Listing Contact: 509-315-8720

Overview

Active

Listed Sep 29, 2026

Updated 5 days ago

Rare opportunity to acquire a single-tenant medical investment located on Spokane’s South Hill in the heart of the medical district, with close proximity to two of the region’s largest hospitals. The property is leased to Hanger Clinic Inc., a nationally recognized leader in prosthetic and orthotic care with more than 925 locations nationwide and backed by a corporate guaranty. The investment features 14 dedicated parking stalls, 2.5% annual rent increases, and two additional three-year lease options, providing potential lease term through 2035. The property is offered at $2,000,000 and features a 3,969 SF building originally constructed in 1939 and updated in 2007. The property generates an NOI of $110,944, representing a 5.55% cap rate.

Additional information

MLS^® ID: 202625029

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.26 Acres

Listings courtesy of WA - Spokane Association of REALTORS (SAR) as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 4:35 AM UTC on 10/8/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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