Redevelopment Opportunity in Spokane
For Sale
Contact for pricing
16607 E Broadway Ave, Spokane Valley, WA 99037
6.83 acre site suitable for redevelopment with multiple options.
Property SizeContact for details
Lot Size6.83 Acres
Days on Market157
Property Features for 16607 E Broadway Ave
General Information
Standard status
Active
Lot size
6.83 Acres
Property subtype
Land, Multifamily
Zoning
RHD - Residential High Density (22 Units Per Acre)
Listing Agency:
KIEMLE HAGOOD
(509) 838-6541
Listed By:
Brandon Peterson · License #WA
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 8 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KIEMLE HAGOOD
Investment Insights
Based on property information with market context.
This 6.83-acre site is positioned for redevelopment in the heart of Spokane Valley. Zoned RHD, the property allows for up to 150 apartment units, approximately 22 units per acre. A basic mock-up suggests the possibility of constructing 96 units while retaining the existing 4-bedroom, 2-bath house for rental or resale. The City of Spokane Valley is mandated by the State of Washington to update its comprehensive plan by the end of 2026, potentially leading to increased unit density. This unique redevelopment opportunity offers various options for structuring and timing the redevelopment. The property is within walking distance of Lowe’s, Walmart, Big 5 Sporting Goods, Panda Express, and numerous other goods and services on Sullivan Road, providing convenient access to amenities.
Key Highlights
- 6.83‑acre site in the heart of Spokane Valley positioned for redevelopment.
- Zoned for 150 allowable apartment units (22 per acre) under Spokane Valley RHD zoning.
- Potential for increased unit density with Spokane Valley's comp plan update mandated by the State of Washington by the end of 2026.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Explore this area
Business Placement
Demographics for 99037, WA
15,907
Population
6,189
Households
2.6
Avg Household Size
38
Median Age
30%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
2,525
Density / Sq Mi
$83,886
Median Household Income
$43,970
Median Earnings
$1,303
Median Rent
$446,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - 6.83 acre site suitable for redevelopment with multiple options.
Where is this land located?
The property is located at 16607 E Broadway Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6.83‑acre site in the heart of Spokane Valley positioned for redevelopment.; Zoned for **150 allowable apartment units** (22 per acre) under Spokane Valley RHD zoning.; Potential for increased unit density with Spokane Valley's comp plan update mandated by the State of Washington by the end of 2026.
