Property profile

117 Howard St Spokane, WA 99201

OFF-MARKET
Turn key restaurants
Property ID
US90-3273775
1,000 SF 0.03 ac lot Built 1890
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This fully renovated, three-story mixed-use building in Spokane's central business district presents a unique investment opportunity. Boasting 5,520 square feet, the property includes a ground-floor retail space currently leased to Soulful Soups (lease expiring November 30, 2025), and two upper-level luxury apartments/VRBO suites, one with a king bed, murphy bed, and 1.5 bathrooms (currently owner-occupied), and the other with one bathroom, a golf simulator, and a steam room. Each apartment sleeps up to seven guests. The building also features a spacious 1,380 square foot basement storage area and a rooftop patio accessible from the second and third floors. All furniture is potentially included in the sale (contact for details). The property benefits from a 10-year property tax exemption extending through 2029, and seller financing may be available (contact for details). The asking price is $2,500,000 ($452.90 per square foot). The building was renovated in 2018 and is zoned for commercial use. This prime location offers breathtaking views and significant potential for rental income and appreciation. The property's APN is 35184.2501. This is a turn-key operation ready for a new owner.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1890
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,000 SF
Lot 0.03 ac (1,380 SF)
APN 35184.2501
UPID US90-3273775

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

117 Howard St Spokane, WA 99201-0507
Spokane metro Census 3500 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2025
Last sale
$2.3M
7 recorded transactions
2025
$2.3M
2015
$654,000
2013
$370,678
2008
$704,832
2003
Price N/A
2001
$315,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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