Spokane Multifamily Investment Opportunity

1306 N Monroe St, Spokane, WA

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For Sale

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Two buildings with development potential in Spokane's downtown periphery.

Type:MULTIFAMILY

Lot size:

0.89 Acres

HighLights

Large Land Size: ± 38,340 SF (± .88 Acres) with two buildings totaling ± 29,934 SF of building area.
Excellent Periphery Location on the Northern periphery of Downtown Spokane with multiple access points.
Zoning: CC2 – DC (Center & Corridor District Center) allowing for a variety of development options.
Potential Location Development Benefits including New Market Tax Credit, Multi‑Family Tax Exemption, Tax Increment Financing, and Opportunity Zone Benefits.
Eligible for Low Income Housing Tax Credit and located within Spokane Target Investment Area.
Includes a separate Garage/Shop building of ± 2,300 SF in addition to the Main Building of ± 27,634 SF.

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Listing Contact

Tim Kestell

For Sale

Contact for pricing

Two buildings with development potential in Spokane's downtown periphery.

Type:MULTIFAMILY

Lot size:

0.89 Acres

Added:: Dec 8, 2023
Days on Market:: 915
Last Refresh:: May 19 at 8:38 pm

Property Features for 1306 N Monroe St

General Information

Standard status: Active
Lot size: 0.89 Acres
Property subtype: MULTIFAMILY

We can help!

Listing Contact

Tim Kestell

Listing agent Tim Kestell License #WA 84800

Listing office Kiemle Hagood

Listing date Dec 8, 2023

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Kiemle Hagood

HighLights

Large Land Size: ± 38,340 SF (± .88 Acres) with two buildings totaling ± 29,934 SF of building area.
Excellent Periphery Location on the Northern periphery of Downtown Spokane with multiple access points.
Zoning: CC2 – DC (Center & Corridor District Center) allowing for a variety of development options.
Potential Location Development Benefits including New Market Tax Credit, Multi‑Family Tax Exemption, Tax Increment Financing, and Opportunity Zone Benefits.
Eligible for Low Income Housing Tax Credit and located within Spokane Target Investment Area.
Includes a separate Garage/Shop building of ± 2,300 SF in addition to the Main Building of ± 27,634 SF.

Overview

This offering includes two buildings and a parking lot, presenting a multifamily investment opportunity in the northern periphery of Downtown Spokane. The property comprises approximately 38,340 square feet (approximately 0.88 acres) of land. The total building area is approximately 29,934 square feet, which includes a main building of approximately 27,634 square feet and a garage/shop of approximately 2,300 square feet. The location offers multiple access points, spanning approximately half a city block. Zoning is CC2 – DC (Center & Corridor District Center). The property benefits from an excellent periphery location and potential location development benefits. Additional incentives include New Market Tax Credit, General Facilities Connection Waiver, Multi-Family Tax Exemption, Tax Increment Financing, Opportunity Zone Benefits, Spokane Target Investment Area, and Low Income Housing Tax Credit. Floor plans and drawings are available with a signed NDA.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Spokane
County: Spokane
State: Washington
Longitude: -117.426
Latitude: 47.6694

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For sale
Apartment buildings
WA
Spokane
1306 N Monroe St

What type of property is this?

Apartment building - Two buildings with development potential in Spokane's downtown periphery.

Where is this apartment building located?

The property is located at 1306 N Monroe St Spokane, WA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Large Land Size: ± 38,340 SF (± .88 Acres) with two buildings totaling ± 29,934 SF of building area.; Excellent Periphery Location on the Northern periphery of Downtown Spokane with multiple access points.; Zoning: CC2 – DC (Center & Corridor District Center) allowing for a variety of development options.

1306 N Monroe St, Spokane, WA

Two buildings with development potential in Spokane's downtown periphery.

Property Features for 1306 N Monroe St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Spokane Commercial Warehouse Space

Spokane Commercial Property For Sale

Spokane 10-Unit Apartment Building

Renovated Multi-Structure Multifamily Property

Spokane Duplex: Investment Opportunity

Spokane Ranch Duplex: Investor Opportunity

New Duplex Near University District

New Duplex Near Downtown Spokane

South Hill Adult Family Home

Spokane Commercial Flex Space Available

Spokane Garage Lodge Automotive Space

South Hill Multifamily Investment Opportunity

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