119 Howard StSpokane, WA 99201

Property Details for 119 Howard St

Year built

1910

Lot size

0.39 AC

Property size (Sq ft)

43,092 SF

Property type

Retail properties

Property subtype

Retail space

APN

35191.5521

APU

351915521

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $10,998,051

  6.5%

  $10,152,047

  7%

  $9,426,901

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,152,866

  Geo Method

  $23,152,866

• Alternative Use

  Use

  Valuation

  Residential

  $8,563,632

  Hospitality

  $7,844,240

  Educational

  $6,526,316

  Medical

  $6,750,766

  Retail

  $10,152,047

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6559

Longitude

-117.421

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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