1009 Sharp, Spokane, WA 99201

Property Description

SVN Cornerstone is pleased to present the Madison and Sharp 40 Unit Multifamily Land and Duplexes for sale, located at 1232 N Madison St and 1009 W Sharp Ave in Spokane's West Central neighborhood. The offering consists of two parcels. The first, 1009 W Sharp Ave, is a 0.33 acre parcel zoned R2 with completed building plans for a proposed 40 unit apartment development consisting of two 4 story buildings with 20 units each. The development includes 38 1bed/1bath units and 2 studios, along with a courtyard, picnic area, community garden, bicycle parking, and two common laundry rooms. The second parcel, 1232 N Madison St, features two fully renovated duplexes that underwent complete remodels down to the studs in 2020 and generate strong rental income. The properties are being offered together but may be purchased separately. The parcels are packaged together for $1,375,000.