176-178 S Howard St - Storefront Retail/Office FOR SALE


Spokane, WA 99201
$2,450,000 USD
509-221-9354
176-178 S Howard St, Spokane, WA for Sale
$2,450,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | 8.39% Cap Rate

176-178 S Howard St
Spokane, WA 99201


HIGHLIGHTS

  • DOWNTOWN LOCATION: Situated in the heart of Spokane's bustling downtown, this property offers access to shopping, entertainment, and major employers.
  • STRONG MIXED-USE POTENTIAL: With a combination of residential and commercial space, the property benefits from multiple revenue streams.
  • CLASSIC RENOVATED BUILDING: The Metropole is a classic brick building built in the early 1900s and featuring completely updated systems.
  • DYNAMIC SPOKANE MARKET: Spokane's real estate market has seen significant growth in recent years, driven by an influx of new residents and businesses.

OVERVIEW

This classic 1901 brick building features 16 residential units and 4 commercial spaces. The residential component consists of mostly 1-bedroom, 1-bathroom units averaging 560 SF. The commercial spaces, averaging 1,233 SF, are fully leased to established, long-term tenants, ensuring consistent and reliable cash flow. The Metropole is situated in the heart of downtown Spokane, providing unparalleled access to the city’s vibrant shopping, dining, and entertainment districts, as well as major employment hubs. Its proximity to Spokane Riverfront Park further enhances the property's appeal, offering tenants a dynamic urban lifestyle that attracts both residential and commercial occupants. Built in 1901, The Metropole retains its historic charm with architectural details such as an ornate entrance and intricate wood staircase, while benefiting from modern system upgrades including HVAC, electrical, and other upgrades. This unique blend of vintage character and contemporary amenities offers tenants an exceptional living and working environment, further enhancing tenant

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

8.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Metropole

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

DTG

APN/PARCEL ID

35191.2603

ASK ABOUT THIS PROPERTY

Mason FiasconeParagon GroupMore Info
509-221-9354

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Mason FiasconeParagon GroupMore Info
509-221-9354

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.