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
Marianne Bornhoft
  • Phone:(509) 879-3779
  • Email:marianne@bornhoft.com
  • Office Name:Kiemle Hagood
  • Office Phone:(509) 783-7663
  • Office Website:
Dominic Dickerson
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 675,000.0
  • $/SF$ 76.4
  • $/Unit$ 75,000.0
  • Listing StatusPending
  • Days on Market366
  • Asset ClassOffice, Multi-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 6.88 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units9
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • 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 Type
  • Property TypeOffice
  • Office TypeOther
  • Building ClassB
Location
  • CountySpokane
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaSpokane Valley
  • Tax ID #35114.1701
  • Additional Parcels
  • ZoningGC-70
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces25
  • Total Parking Spots25
  • Parking Ratio
Construction
  • Year Built1913
  • Year Renovated2025
  • Completion Date
  • Roof TypeMembrane
  • Construction TypeBrick, Masonry

Parkwater Schoolhouse

Public Comments

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

Search Tags

Industrial/Retail, Mixed-Use, Restaurant, Salon/Spa, Marijuana

Listing Images