12525 W Sunset Hwy, Airway Heights, WA 99001

Listing agent David M. Hilbert Show Phone

Listing office Real Estate 2000 Inc. Show Phone

Listing date Jul 11, 2023

Source Exprealty

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Overview

This property features a 51-unit all-seasons mobile home and RV park, along with a motel, situated on 4.17 acres. It includes 15 park-owned single-wide mobile homes, one park-owned double-wide mobile home, 10 RV spaces, and a motel with one single and 23 double rooms. Additionally, there is a 2,400 sq ft warehouse and a used car lot. The property is zoned C1-A, offering redevelopment potential for various uses such as retail, office space, a motel, an automotive center, or restaurants. The maximum building height allowed is 45 feet, with the buyer responsible for verifying development applications. The property benefits from city water and sewer services. Recent upgrades have been made. An adjacent vacant lot is available separately. The location is near Fairchild Air Force Base, Spokane International Airport, and a new Amazon facility. The 2024 Proforma Gross is $761,799 with a Net of $458,818 and a Cap of 12.07%.

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Airway Heights

County

Spokane

State

Washington

Longitude

-117.584

Latitude

47.6417

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FAQs

What type of property is this?

Mobile home & RV park - 51-unit mobile home, RV park, and motel on 4.17 acres.

Where is this mobile home & rv park located?

The property is located at 12525 W Sunset Hwy Airway Heights, WA.

What is the asking price?

The asking price for this property is $3,799,900.

What are key features of this property?

This property features: High Cap Rate: Enjoy a 12.07% cap rate with substantial proforma gross and net income for 2024.; Diverse Income Streams: Property features a combination of mobile home, RV park, and motel units.; Redevelopment Potential: Zoned Commercial C1‑A, allowing for retail, office, motel, automotive center, and restaurants.