5634 E Commerce Ave Immeuble residentiel 4 lots 662 325 € (165 581 €/Lot) Taux de capitalisation 6,03 % Spokane, WA 99212

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 training academy serving nearby Felts Field, followed by decades as a nursing home.
In the 1980s, it became a pioneering brewery and eventually a beloved winery and event venue, hosting tastings, gatherings, and community celebrations.
Offered at $750,000, the Parkwater Schoolhouse is a rare opportunity to own a piece of Spokane’s past—with endless potential for its future.