Property Details

507 S Howard St

Spokane, WA 99204

$4,250,000

Available

CBA# 705247 courtesy of CBA Listing firm: LT Real Estate

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Office / Retail

Property Type

42,500

Bldg Sq Ft

Units

7.00%

Cap Rate

1912

Year Built

Property Overview

Prime mixed-use property in Spokane’s sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.