On the Market: A friggen' block+ of the Lower East End

LOWER EAST END - The holidays may be over, but the bargains are still available if you dig a little.  We spotted this 'little' gem on a drive-by the other afternoon. All said it's a block and a quarter.  OK, it's more like 2.25 acres, and no it's not Wendel Reugh's surface-parking-bonanza on Riverside it's Roses & More.

As the Lower East End continues to be a hot-bed of small business and redev activity, adding this little nugget to your portfolio pretty much gives you your own urban playground.  Owned by RJH III, LLC and Pacific Avenue Properties, the 2.25 acres was originally platted as twenty-seven individual parcels and contains a mix of warehouses (Old Roses & More Bldg), multi-story apartments, commercial buildings, and vacant land to boot.  A stone's throw to Ichiban, LazerQuest, Thomas Hammer, and the House of Charity, it's yours for the taking at $5.4 million.  Bidding begins now.

• Listing: 24 W. Second and then some [Kiemle-Hagood]

Comments

[Alberto]

Don't forget Dicks Hamburgers. A Spokane landmark if there ever was one.

[Silent Bahb]

Only $5.4 million? Now, where did I put my pocketbook?

I would be so happy if whomever buys it takes the time to rennovate before redeveloping. The Roses & More warehouse could be quite the little interesting corner with retail/office mixed use. Sure, you'd have to punch a few holes in the wall to open up more retail space, but I greatly prefer that to demolition.

[El Corte]

There's more than a few buildings contained in those parcels that need some serious love, including a highly contentious two-story brick number that was the subject of much news hype last year and a burned out apartment building. Note: most are already listed on a historic register- can we say income tax credit? Somebody buy this quick!