REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Jordan Lester • SVN Cornerstone
$ 1,800,000
Est. payment | /mo
20,634 SqFt
$ 1,800,000
Est. payment | /mo
20,634 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 20,634 sqft
Price per Sqft $87
MLS Listing ID 202611335
Year Built 1908
Lot Size 435 Sqft
Lot Dimensions 0.01
Property Sub-Type Commercial
Property Description
We are pleased to present the Howard Building for sale at 224 S Howard St in Downtown Spokane. This property offers 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop, one vacant) Significant Capital Improvements – Extensive upgrades include fresh paint, new flooring, updated bathrooms, modern light fixtures, and partial furnishings. Diverse Income Stream – 40 apartments and 2 ground-floor retail suites provide balanced residential and commercial revenue. Resident Amenities – Tenants enjoy shared laundry, communal space, and enhanced security in a walkable downtown location near dining, shopping, entertainment, third-party parking, and transit. Value-Add Potential – Lease the vacant retail suite, activate the basement, and optimize operations for increased NOI. Attractive Assumable Loan – Seller financing via an assumable note at 4.65% interest-only, maturing January 2028, with 24-month extension option.
Location
State WA
County Spokane
Rooms
Basement Unfinished
Interior
Heating Electric, Baseboard
Exterior
View Y/N true
Roof Type See Remarks
Building
Structure Type Brick
Schools
School District Spokane Dist 81
Others
Acceptable Financing Cash, Owner Financing, Commercial
Listing Terms Cash, Owner Financing, Commercial
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "