518 S Elm St, Spokane, WA 99220

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.