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518 S Elm St
Spokane, WA 99201

Spokane Area Commercial

  • 6,500 Sqft
  • 0.07 Acre

$249,900

1 Month on market

MLS# 202622933

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

Three 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.

Bedrooms: 0
Bathrooms: 0
SqFt: 6,500
County: Spokane
Year Built: 1901
New Construction:
Lot SqFt: 3,000
Basement
  • Full
  • Finished
Heating / Cooling
  • Electric
  • Baseboard
Terms
  • Conventional
  • Cash
  • Commercial
Outbuildings
  • See Remarks
Lot / Information
  • Fenced Yard
  • Level
  • Open Lot
Features
  • Breakers
Roof
  • Composition

Office Details
Kelly Right Real Estate of Spokane  —  (509) 489-7000

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 9/22/2026, 1:06 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.