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    Swc Of Wellesley Ave And Appleway Ave Newman Lake, WA 99025

    For Sale
    $3,565,000

    10.22 Acres, 77 Parking Spaces, I-90 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 10.22-acre commercial land parcel presents a unique investment opportunity in Newman Lake, Washington. Strategically located at the southwest corner of Wellesley Avenue and Appleway Avenue, this property boasts unparalleled access to Interstate 90, placing it ideally between Washington and Idaho. The site is fully entitled and master-planned, offering significant development potential. Current plans include a potential hotel and pad sites, or alternatively, the land could be developed to accommodate 77 RV parking stalls. Further enhancing its appeal, the proposed development incorporates a 4,000-5,000 square foot clubhouse, a dog park, and a picturesque picnic overlook with river views. The asking price for this prime commercial land is $3,565,000. The property's zoning and specific development plans are available upon request. This is a rare chance to acquire a fully entitled, master-planned commercial site in a high-growth area with excellent freeway access and attractive amenities. Don't miss this opportunity to capitalize on the potential of this exceptional location. The property is situated in Spokane County, Washington, with a zip code of 99025.

    Property Features for 0 Swc Of Wellesley Ave And Appleway Ave

    General Information

    Property type
    Land
    Lot Size
    445,183 SF

    HighLights

    • I‑90 freeway access at WA/ID border.
    • Prime location, central to WA and ID.
    • Fully entitled master‑planned development.
    • Hotel and pad site development opportunity.
    • 77 RV parking spaces.
    • Proposed 4,000‑5,000 SF clubhouse, dog park, and river overlook.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newman Lake
    County
    Spokane
    State
    Washington
    Longitude
    -117.0418645
    Latitude
    47.7009409

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    FAQs

    What type of property is this?
    Land - 10.22 Acres, 77 Parking Spaces, I-90 Access
    Where is this land located?
    The property is located at Swc Of Wellesley Ave And Appleway Ave Newman Lake, WA.
    What is the asking price?
    The asking price for this property is $3,565,000.
    What are key features of this property?
    This property features: I-90 freeway access at WA/ID border.; Prime location, central to WA and ID.; Fully entitled master-planned development.
    Request Owner's contact information
    Swc Of Wellesley Ave And Appleway Ave Newman Lake, WA 99025
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    Newman Lake, WA 99025
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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
    Swc Of Wellesley Ave And Appleway Ave Newman Lake, WA 99025
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