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Listed by Alena Kanifolsky • Kelly Right Real Estate of Spokane
$469,900
Est. payment /mo
6,500 SqFt
New
518 S Elm St Spokane, WA 99220
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $72
MLS Listing ID 202622933
Year Built 1901
Lot Size 3,049 Sqft
Lot Dimensions 0.07
Property Sub-Type Commercial
Property Description
Tree-parcel downtown Spokane assemblage with existing improvements and additional development land. The property providing excellent potential for an investor owner-user, or developer. Zoned DTG allowing for a variety of residential, office, retail, warehouse space and other mixed-use opportunities. Total of three parcel of land comprising 13,336 sq ft. The building was affected by a fire and has a total living area of approximately 6,500 square feet. The third floor has moderate fire damage, primarily to the roof. The middle floor has been completely gutted down to the bare shell. The bottom floor requires some minor repairs but is otherwise livable. The property also features existing utility infrastructure, including overhead power, and a 1 inch existing water line and a 6 inch concrete sewer conduit stub to the property. The existing infrastructure will support up to 12 units with the potential to support up to 24 units. The fiveplex sits on Modern Engineering Foundation 93 inches tall by 8 inch –thick.
Location
State WA
County Spokane
Rooms
Basement Full, Finished
Interior
Heating Electric, Baseboard
Exterior
View Y/N true
View City
Roof Type Composition
Building
Lot Description Fenced Yard, Level, Open Lot
Story 2
Structure Type Brick Veneer,Siding
Schools
Elementary Schools Roosevelt
Middle Schools Sacajawea
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash, Commercial
Listing Terms Conventional, Cash, Commercial
Nearby Locations
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