Downtown Commercial Land
520 S Elm St, Spokane, WA 99201
For Sale
New
$249,900
Three downtown parcels combine existing improvements, utility infrastructure, and DTG zoning for a range of mixed-use development options.
Property Size13,336 SF
Price / SF$18.74
Days on Market4
Property Features for 520 S Elm St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Real Estate Marketplace Nw, Inc
(509) 953-1666
Listed By:
Prime Real Estate Group
(509) 868-0709
Source:
Propertybyprime
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 7:53AM
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 Real Estate Marketplace Nw, Inc
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Investment Insights
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This three-parcel commercial land assemblage in downtown Spokane totals 13,336 square feet and includes an existing building with approximately 6,500 square feet of living area. Fire damage affects the structure: the third floor has moderate damage, mainly to the roof; the middle floor is gutted to the shell; and the bottom floor is livable with minor repairs needed. A fiveplex is also present on a foundation described as 93 inches tall and 8 inches thick.
The property is zoned DTG, which allows residential, office, retail, warehouse, and other mixed-use possibilities. Existing infrastructure includes overhead power, a 1-inch water line, and a 6-inch concrete sewer conduit stub. The infrastructure is stated to support up to 12 units, with potential capacity for up to 24 units.
The property is zoned DTG, which allows residential, office, retail, warehouse, and other mixed-use possibilities. Existing infrastructure includes overhead power, a 1-inch water line, and a 6-inch concrete sewer conduit stub. The infrastructure is stated to support up to 12 units, with potential capacity for up to 24 units.
Key Highlights
- Three parcels totaling 13,336 square feet in downtown Spokane
- Existing building contains approximately 6,500 square feet of living area
- Third floor has moderate fire damage, primarily to the roof
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Current Use
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
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Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value
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Market
Properties on Market for Commercial land in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Commercial land - Three downtown parcels combine existing improvements, utility infrastructure, and DTG zoning for a range of mixed-use development options.
Where is this commercial land located?
The property is located at 520 S Elm St Spokane, WA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three parcels totaling 13,336 square feet in downtown Spokane; Existing building contains approximately 6,500 square feet of living area; Third floor has moderate fire damage, primarily to the roof
