A downtown building that’s housed a familiar drugstore for about 25 years is being sold.
The Hart & Dilatush Pharmacy complex at the corner of Stevens Street and Sprague Avenue, next to the Ridpath Hotel, is being purchased by an undisclosed buyer who is converting its four bays into commercial condos.
“We’re negotiating with (condo) buyers right now,” said Grant Person, a broker with Tomlinson Black Commercial representing the project with Randy Jassman, also of Tomlinson Black.
Hart & Dilatush owner Dan Reidt knew the building was for sale but was surprised there was a pending deal. The pharmacist is unsure whether he would buy one of the commercial condos, which will sell for $400,000 to $500,000, but hasn’t ruled out the idea.
“We’re going to stay open. Hopefully we’re here. I don’t want to move,” said Reidt, a pharmacist who purchased the nearly 90-year-old business two years ago.
Douglas Da Silva bought the Ridpath Hotel and the Haliday Building last year. The Las Vegas hotelier sold the former Executive Court part of the hotel and put the retail complex on the market, as well.
“It was listed for sale three days after we bought it,” Da Silva said.
Condos in the 7,800-square-foot Haliday Building will range from 1,700- to 2,100-square-feet, Person said.
Commercial condos are becoming more popular in the area, Person explained, adding, “In the past, if a person couldn’t buy a whole building they would become a tenant in a building in Spokane.”