Commercial development could spring up near Manito Park

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by HONORA SWANSON & KREM.com

KREM.com

Posted on February 16, 2013 at 8:39 AM

Updated Saturday, Nov 9 at 7:08 PM

SPOKANE, Wash. -- Some prime property near Manito Park is up for sale. In fact, so is nearly every house on the block.

A Spokane broker claims the properties are going fast, possibly to a commercial investor, but not everyone who enjoys the park is excited about anything commercial taking up the space.

Five homes, which sit just steps away from the South Hill park, are on the market for less than $600,000 all together. R.H. Cooke Real Estate says the estate that owns them all is ready to sell. They can go individually or as a group.

“We put the homes, all of the properties, on the market Tuesday night, and the phones have been ringing off the hook,” Bob Cooke of R.H. Cooke says.

While Cooke has shown the houses to a number of people this week, he admits he already has a strong offer from another kind of buyer.

“It would take a while, but what I envision is if an investor were to come in and buy all of them, they would redevelop it.”

Cooke isn’t saying whether than means retails or multi-family zoning, like apartment or condos.

“Something like this-- it’s all zoned single family residential, but I’m sure you’ve seen driving up and down Grand that things are changing,” Cooke says.

The prospect is getting mixed reviews from neighbors.

“Actually my first reaction is it would be kind of nice. The houses along there don’t look that great,” neighbor Anne Remien said.

“I always get afraid they’re just going to put in a strip mall, and then it’s just empty waiting for business to come,” neighbor Hannah Campbell said.

The broker plans to present the offers it has so far to the owner next week.

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