514-518 W 1st Ave
Spokane, WA 99201
Ridpath Club Apartments - Retail Storefront · Hospitality Property For Sale
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119,000 SF
Investment Highlights
- Historic charm
- Opportunity zone
- Central location
Executive Summary
One of Spokane’s most historically and architecturally significant hostelries, the Ridpath Hotel is located in the center of the city’s arts and entertainment district in downtown Spokane. The hotel is comprised of two historic buildings: a tall multi- story, International-style, brick-veneered, steel-reinforced, high-rise tower completed in 1952, and an attached four-story brick masonry construction commercial building built in 1905. The 1952 building is commonly called the Ridpath Hotel “tower” while the attached 1905 building is called the “east wing.” More recently the Ridpath has shifted gears and invested an estimated $30,000,000 to renovate the former hotel into 206 apartment and condo units. As of April of 2023 all 206 spaces are leased & there is a buzz of excitement and vibrant growth around the building.
Property Facts
| Property Type | Hospitality | Building Size | 119,000 SF |
| Property Subtype | Hotel | No. Stories | 12 |
| Building Class | A | Year Built | 1906 |
| Lot Size | 1.84 AC | Corridor | Interior |
| Construction Status | Converted | APN / Parcel ID | 35191.7121 |
| Zoning | DTC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 1.84 AC |
| Construction Status | Converted |
| Building Size | 119,000 SF |
| No. Stories | 12 |
| Year Built | 1906 |
| Corridor | Interior |
| APN / Parcel ID | 35191.7121 |
| Zoning | DTC |
Amenities
- Restaurant
- On-Site Retail
