Bought with Lawrence Wilson
$1,575,000
$1,595,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
17,040 SqFt
SOLD DATE : 12/17/2024
Key Details
Sold Price $1,575,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 17,040 sqft
Price per Sqft $92
MLS Listing ID 202423673
Sold Date 12/17/24
Year Built 1908
Annual Tax Amount $15,480
Lot Size 4,356 Sqft
Lot Dimensions 0.1
Property Sub-Type Commercial
Property Description
Incredible opportunity to own a slice of downtown history, The Howard building. 42 unit mixed-use building is a rare find for downtown Spokane. With 2 large ground floor commercial spaces, one of which includes a new thriving barber shop, while the other units make up 34 SRO's and 6 Studio apartments. The location is unparalleled within walking distance to fast food options, groceries, banks, medical facilities, and other essential services. For tenants seeking walkable downtown living, The Howard delivers on every front. Built in 1908, this building still holds all the old world charm it did over 100 years ago yet has many modern upgrades. Security is top priority at The Howard and has paid daily patrols with security reports to show how it's dramatically improved safety over time. Close attractions and amenities include Riverfont Park, Riverpark Square, The Davenport Autograph Collection, and many more all within close proximity. Great Investment with huge value add and proforma Cap rates at 11.25%
Location
State WA
County Spokane
Rooms
Basement Full, Unfinished
Interior
Heating Gas Hot Air Furnace
Exterior
View Y/N true
View City
Roof Type Flat
Building
Story 4
Structure Type Brick
Schools
School District Spokane Dist 81
Others
Acceptable Financing Cash, Owner Financing, Commercial, See Remarks
Listing Terms Cash, Owner Financing, Commercial, See Remarks
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