5634 E Commerce
Spokane WA 99212
Parkwater Schoolhouse
5634 E Commerce Spokane WA 99212
Listing #: 695943 | Status: Pending | Last Modified: 4/2/2026 |
For Sale
- Phone:(509) 879-3779
- Email:marianne@bornhoft.com
- Office Name:Kiemle Hagood
- Office Phone:(509) 783-7663
- Office Website:
- Agent Phone:(509) 755-7507
- Agent Email:dominic.dickerson@kiemlehagood.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 675,000.0
- $/SF$ 76.4
- $/Unit$ 75,000.0
- Listing StatusPending
- Days on Market366
- Asset ClassOffice, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.88 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units9
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units9
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF8832
- Net Rentable Area8832
- Total Office SF8832
- Largest Contiguous SF
- Lot SF24396
- Acres0.56
- Property TypeOffice
- Office TypeOther
- Building ClassB
- CountySpokane
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaSpokane Valley
- Tax ID #35114.1701
- Additional Parcels
- ZoningGC-70
- # Covered Spaces0
- # Uncovered Spaces25
- Total Parking Spots25
- Parking Ratio
- Year Built1913
- Year Renovated2025
- Completion Date
- Roof TypeMembrane
- Construction TypeBrick, Masonry
Parkwater Schoolhouse
Welcome to the Parkwater Schoolhouse— A historic 1913 brick landmark, just half a mile from Spokane’s iconic Felts Field. This two-story, 8,832 square foot building—plus a full unfinished basement—sits on nearly 25,000 square feet of corner lot frontage, with paved parking for approximately 25 vehicles. It includes a convenient dock with a loading door and is equipped with 3-phase 120/240 volt electrical service. Zoned GC-70, this versatile mixed-use commercial property offers a unique blend of residential and commercial space. Inside, you'll find 4 residential apartments, 2 professional offices, a lash salon, and 2 large commercial studios—one currently operating as a martial arts dojo. The Parkwater Schoolhouse has lived many lives—originally an elementary school, then a 1940s flight
Industrial/Retail, Mixed-Use, Restaurant, Salon/Spa, Marijuana
















