Contacts
Kiemle Hagood
Real Broker
Property Details
- 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
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/
Reach out to the broker for more info on lease terms and amenities
Getting around
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29/100
Walk Score ®
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28/100
Transit Score ®
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34/100
Bike Score ®
Location
- City Spokane, WA
- Neighborhood Chief Garry Park
- Zip Code 99212
- Market Spokane
Points of Interest
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Mobil
0.16 miles
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Pacific Pride Commercial Fueling
0.84 miles
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Chevron
0.85 miles
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Conoco
1.03 miles
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Royal Express
1.05 miles
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Costco Gasoline
1.33 miles
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nom nom
1.49 miles
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ChargePoint
4.93 miles
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Tesla Destination Charger - Hampton Inn Spokane
7.57 miles
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Lot P4
1.30 miles
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P25
1.33 miles
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Lot P5
1.39 miles
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Lot P28
1.42 miles
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Lot P3
1.43 miles
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Lot P2
1.46 miles
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Lot P6
1.50 miles
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Lot P7
1.50 miles
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Lot P8
1.52 miles
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Lot P1
1.53 miles
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Red Top Motel
0.90 miles
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Rodeway Inn & Suites Spokane
0.94 miles
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Maple Tree Motel & RV Park
1.57 miles
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Park Lane Motel
1.66 miles
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Motel 6
1.93 miles
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Fairfield Inn & Suites
1.94 miles
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Baymont Inn & Suites
2.10 miles
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Super 8 Spokane Valley
2.10 miles
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Holiday Inn Express Spokane Valley
2.15 miles
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Bel Air Seven Motel
3.31 miles
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Walmart Supercenter
1.39 miles
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Safeway
1.90 miles
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Yoke's Fresh Market
2.16 miles
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Fred Meyer
2.38 miles
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Green's Fresh Market
2.57 miles
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Buruk Mini Mart
2.61 miles
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Bargain Giant
2.71 miles
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WinCo Foods
2.85 miles
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Best Asian Market
2.88 miles
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Logan Square
4.03 miles