12803 E Sprague Ave
Spokane Valley WA 99216

HomeTowne Studios Spokane Valley

12803 E Sprague Ave Spokane Valley WA 99216

Listing #: 701274 | Status: Available | Last Modified: 4/16/2026 |

For Sale
Michelle Kennedy
Joseph Kennedy
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 6,500,000.0
  • $/SF$ 168.0
  • $/Unit$ 6,500,000.0
  • Listing StatusAvailable
  • Days on Market262
  • Asset ClassMulti-Family, Hotel/Motel
  • Terms
Investment Information
  • Investment Type
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF38700
  • Net Rentable Area38700
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF88514
  • Acres2.03
Property Type
  • Property TypeHotel/Motel
  • Office Type
  • Building Class
Location
  • CountySpokane
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaSpokane Valley
  • Tax ID #45153.3934
  • Additional Parcels
  • ZoningCMU
Construction
  • Year Built1998
  • Year Renovated2006
  • Completion Date
  • Roof Type
  • Construction TypeFramed

HomeTowne Studios Spokane Valley

Public Comments

Extended Stay Hotel With Repositioning Potential. HomeTowne Studios Spokane Valley is a 112-key, economy scale extended stay hotel located on ~2.03 acres along the I-90 corridor in Spokane Valley. The three-story, exterior corridor asset offers a mix of full and queen studio units, including ADA-compliant rooms, all featuring kitchenettes. Built in 1998 and last renovated in 2006, the property is currently encumbered by brand but may be delivered unflagged for relatively minor liquidated damages, offering ownership flexibility for repositioning, integration, or independent operation. The property sits within minutes of key employment, education, and healthcare drivers, including Gonzaga University, Spokane Community College, and MultiCare Valley Hospital. The area is home to the 600-acre S

Listing Images