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    922 3Rd Ave Spokane, WA 99202

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    For Sale
    Contact for pricing

    8-Acre Warehouse, Prime Location

    Property size:
    129,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 129,600 square foot industrial warehouse, situated on a sprawling 8.01-acre lot (approximately 348,742.8 square feet), presents a rare investment opportunity in Spokane, Washington. Built in phases (1951 & 1981), the property boasts a prime location on the south border of the University District's expansion zone, offering approximately 925 feet of frontage on both 3rd Avenue and Interstate 90. The General Commercial (GC150) zoning allows for diverse development options, including retail, office, distribution centers, multi-family housing, medical facilities, and educational institutions, with a 150-foot height limit. The warehouse itself features six 8' x 10' dock-high doors, and multiple grade-level doors: one 10' x 10' (ramped), one 20' x 14', and three 14' x 14'. The property's APN is 35201.5104. This former Costco location offers significant potential for redevelopment or continued use as a warehouse, benefiting from its exceptional accessibility and versatile zoning in a rapidly growing area. The ample parking (200,000 spaces per 1,000 sq ft) further enhances its appeal. This is a truly unique opportunity to acquire a substantial property with significant upside potential in a desirable Spokane location.

    Property Features for 922 3Rd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    129,600 SF
    Lot Size
    348,916 SF

    Building Details

    Year Built
    1951

    HighLights

    • Six (6) dock‑high doors, 8' x 10'.
    • Grade‑level door, 10' x 10' (ramped).
    • Grade‑level door, 20' x 14'.
    • Three (3) grade‑level doors, 14' x 14'.
    • 8.01‑acre lot (approx. 348,742.8 sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Shadow Boat Storage ... Boat Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.3987186
    Latitude
    47.6529756

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    FAQs

    What type of property is this?
    Distribution property - 8-Acre Warehouse, Prime Location
    Where is this distribution property located?
    The property is located at 922 3Rd Ave Spokane, WA.
    What are key features of this property?
    This property features: Six (6) dock-high doors, 8' x 10'.; Grade-level door, 10' x 10' (ramped).; Grade-level door, 20' x 14'.
    Request Owner's contact information
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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
    922 3Rd Ave Spokane, WA 99202
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