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    314 S Spruce St Spokane, WA 99201

    For Sale
    $2,250,000

    Historic building in Browne’s Addition with redevelopment potential.

    Lot size:
    1.06 Acres

    Property Features for 314 S Spruce St

    General Information

    Lot size
    1.06 Acres

    Source: Kiemle Hagood Agent Tim Kestell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spokane Landmark Redevelopment Opportunity

    Located in the historic Browne’s Addition neighborhood of Spokane, the property at 314 S Spruce Street presents an opportunity to own a Spokane landmark. The building, constructed in 1959, encompasses approximately 30,000 square feet and is situated on a 1.06-acre lot, which is approximately 46,348 square feet. Zoned RHD-35, the property offers potential for redevelopment or adaptive reuse. The building retains classic architectural character while providing ample space for modern use. On-site parking includes approximately 30 stalls. Positioned just minutes from downtown Spokane and located on a direct bus route, this property combines historic appeal, high visibility, and flexible zoning—making it ideal for residential conversion, mixed-use development, or continued commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All Saints Lutheran ... Lutheran Church All Saints Soup ... Food Bank

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4467467
    Latitude
    47.6530328

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building in Browne’s Addition with redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 314 S Spruce St Spokane, WA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Large ±30,000 SF building on a ±1.06-acre lot in the historic Browne’s Addition.; - RHD-35 zoning allows for redevelopment or adaptive reuse.; - Prime location minutes from downtown Spokane with high visibility.
    (509) 755-7542
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    314 S Spruce St Spokane, WA 99201
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