518 S Elm StSpokane, WA 99201

Description

Three parcel downtown Spokane assemblage with existing improvements and additional development land. The property providing excellent potential for an investor owner-user, or developer. Zoned DTG allowing for a variety of residential, office, retail, warehouse space and other mixed-use opportunities. Total of three parcel of land comprising 13,336 sq ft. The building was affected by a fire and has a total living area of approximately 6,500 square feet. The third floor has moderate fire damage, primarily to the roof. The middle floor has been completely gutted down to the bare shell. The bottom floor requires some minor repairs but is otherwise livable. The property also features existing utility infrastructure, including overhead power, and a 1 inch existing water line and a 6 inch concrete sewer conduit stub to the property. The existing infrastructure will support up to 12 units with the potential to support up to 24 units. The fiveplex sits on Modern Engineering Foundation 93 inches tall by 8 inch –thick.

Property Information

Property type

Commercial Sale

Year built

1901

Living area

6,500 Sq Ft

Lot size

0.07 acres

Zoning

DTG

Days on market

70

MLS^® Listing#

202622933

Property Features

Interior

High Speed Internet

Heating

Electric · Baseboard

Basement

Full · Finished

Lot features

Level · Open Lot

Construction

Brick Veneer

Roof

Composition

Other structures

See Remarks

Parcel number

25241.4717

Schools

Elementary

Roosevelt

Middle

Sacajawea

High

Lewis & Clark

Directions

From I-90 take Exit 280A Maple Street. Continue south on Maple St toward downtown ,turn onto W 3 Ave, then turn onto S Elm St. Use GPS