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    119 Howard St Spokane, WA 99201

    Sponsored
    For Sale
    $3,150,000

    Downtown Spokane, 50,000 SF Office

    Property size:
    51,106 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a vacant, 50,000-square-foot office building located at 119 S Howard St, Spokane, WA 99201. The property, built in 1910 and boasting a rich history, features 51,106 total square feet across four floors, including a daylight basement of approximately 8,006 square feet. The building's character is preserved through stunning exposed brick and beam interiors. Convenient features include two freight elevators, thirteen parking spaces (including ADA-compliant spots), and a dock-high freight entry with space for three delivery trucks. The property sits on a 16,827-square-foot lot and is zoned Downtown Core (DTC), offering significant flexibility for various uses. The building is equipped with a robust 600A, 3-phase power supply. Offered at $3,150,000 ($61.64/SF), this Class B, multifamily-permitted building represents a rare opportunity to acquire a significant piece of Spokane's downtown history. The property's location and features make it ideal for owner-users or investors seeking a substantial presence in the heart of Spokane. The APN is 35191.5521.

    Property Features for 119 Howard St

    General Information

    Property type
    Multifamily properties
    Square Feet
    51,106 SF
    Class
    B

    Building Details

    Year Built
    1910
    Buildings
    1
    Stories
    4

    HighLights

    • 51,006± SF building on four floors, with 10,775± SF per floor.
    • Daylight basement totaling 8,006± SF.
    • Two freight elevators.
    • Exposed brick and beam details in a historic 1910 building.
    • 600‑amp, 3‑phase power.
    • 16,827± SF lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kershaw's Office Supply ... Office Furniture Store

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Law Firm Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4205874
    Latitude
    47.6559096

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    FAQs

    What type of property is this?
    Multifamily property - Downtown Spokane, 50,000 SF Office
    Where is this multifamily property located?
    The property is located at 119 Howard St Spokane, WA.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: 51,006± SF building on four floors, with 10,775± SF per floor.; Daylight basement totaling 8,006± SF.; Two freight elevators.
    Request Owner's contact information
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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
    119 Howard St Spokane, WA 99201
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