- For Sale $675,000
- Property Type Office
- Property Size 8,832 SF
- Lot Size 0.56 Acre
- Cap Rate % 6.87
- NOI / YR $46,404.00
- # of Floors 3
- Parking Spaces Avail. 25
- Parking Ratio 2.83 / 1,000 SF
- Year Built 1913
- Year Renovated 2025
- Date Updated Apr 8, 2026
Description
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 $675,000, the Parkwater Schoolhouse is a rare opportunity to own a piece of Spokane’s past—with endless potential for its future/
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Contacts
Kiemle Hagood
Real Broker