Description
Incredible opportunity to own a slice of downtown history, The Howard building. 42 unit mixed-use building is a rare find for downtown Spokane. With 2 large ground floor commercial spaces, one of which includes a new thriving barber shop, while the other units make up 34 SRO's and 6 Studio apartments. The location is unparalleled within walking distance to fast food options, groceries, banks, medical facilities, and other essential services. For tenants seeking walkable downtown living, The Howard delivers on every front. Built in 1908, this building still holds all the old world charm it did over 100 years ago yet has many modern upgrades. Security is top priority at The Howard and has paid daily patrols with security reports to show how it's dramatically improved safety over time. Close attractions and amenities include Riverfont Park, Riverpark Square, The Davenport Autograph Collection, and many more all within close proximity. Great Investment with huge value add and proforma Cap rates at 11.25%
-
0BEDS
-
0.1ACRES
-
0BATHS
-
01/2 BATHS
-
17,040SQFT
-
$94$/SQFT
Description
Incredible opportunity to own a slice of downtown history, The Howard building. 42 unit mixed-use building is a rare find for downtown Spokane. With 2 large ground floor commercial spaces, one of which includes a new thriving barber shop, while the other units make up 34 SRO's and 6 Studio apartments. The location is unparalleled within walking distance to fast food options, groceries, banks, medical facilities, and other essential services. For tenants seeking walkable downtown living, The Howard delivers on every front. Built in 1908, this building still holds all the old world charm it did over 100 years ago yet has many modern upgrades. Security is top priority at The Howard and has paid daily patrols with security reports to show how it's dramatically improved safety over time. Close attractions and amenities include Riverfont Park, Riverpark Square, The Davenport Autograph Collection, and many more all within close proximity. Great Investment with huge value add and proforma Cap rates at 11.25%
© 2024 of Spokane Association of REALTORS® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2024-10-06T11:20:56.597.