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    124 W Railroad Ave Medical Lake, WA

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    For Sale
    $1,300,000

    Three properties with adaptive zoning and redevelopment opportunities in Medical Lake.

    Property size:
    21,677 SF
    Lot size:
    0.38 Acres

    Property Features for 124 W Railroad Ave

    General Information

    Size
    21,677 SF
    Lot size
    0.38 Acres

    Source: Kiemle Hagood Agent Andy Butler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three Historic Downtown Properties Portfolio

    A portfolio of three properties is available for purchase, located at 124 S. Jefferson Street, and 1212 & 1216 W. Railroad Avenue. These historic downtown properties offer visibility and are located in Medical Lake, WA. The properties feature adaptive zoning, allowing for multiple redevelopment opportunities. Formerly utilized as a cold storage and ice packing facility, this purchase opportunity is adjacent to a growing number of recently revitalized commercial properties and poised for the next new phase of downtown development. The combined property size is 21,677 square feet.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Medical Lake
    County
    Spokane
    State
    Washington
    Longitude
    -117.6821604
    Latitude
    47.5729426

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    FAQs

    What type of property is this?
    Specialty property - Three properties with adaptive zoning and redevelopment opportunities in Medical Lake.
    Where is this specialty property located?
    The property is located at 124 W Railroad Ave Medical Lake, WA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Three-property portfolio.; - Historic downtown location.; - Adaptive zoning allowing for multiple re-development opportunities.
    (509) 385-9121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 W Railroad Ave Medical Lake, WA
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