For Sale
$2,500,000

117 Howard StSpokane, WA 99201

Downtown Spokane Mixed-Use Investment

Overview

Added:
Dec 11, 2024
Days on market:
119
This fully renovated, three-story mixed-use building in Spokane's central business district presents a unique investment opportunity. Boasting 5,520 square feet, the property includes a ground-floor retail space currently leased to Soulful Soups (lease expiring November 30, 2025), and two upper-level luxury apartments/VRBO suites, one with a king bed, murphy bed, and 1.5 bathrooms (currently owner-occupied), and the other with one bathroom, a golf simulator, and a steam room. Each apartment sleeps up to seven guests. The building also features a spacious 1,380 square foot basement storage area and a rooftop patio accessible from the second and third floors. All furniture is potentially included in the sale (contact for details). The property benefits from a 10-year property tax exemption extending through 2029, and seller financing may be available (contact for details). The asking price is $2,500,000 ($452.90 per square foot). The building was renovated in 2018 and is zoned for commercial use. This prime location offers breathtaking views and significant potential for rental income and appreciation. The property's APN is 35184.2501. This is a turn-key operation ready for a new owner.

Highlights

  • 1,380 SF basement storage space.
  • Ground floor: Street-level retail space, currently leased to Soulful Soups (lease expires 11/30/2025).
  • Second floor: Luxury apartment/VRBO suite; sleeps 7; one bath; golf simulator; steam room.
  • Third floor: Luxury apartment/VRBO suite; one king bed, one Murphy bed, 1.5 baths (currently owner-occupied).
  • Rooftop patio accessible from the second and third floors.
  • All furniture potentially included in sale (contact for details).

Property Details for 117 Howard St

Property type
Retail properties, Mixed-use properties
Square Feet
5,520 SF
Year Renovated
2018
Buildings
1
Stories
3
Units
3

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.658541
Longitude
-117.421353
117 Howard St, Spokane, Washington

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117 Howard St
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