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    Hwy 2 Airway Heights, WA 99001

    Sponsored
    For Sale
    $2,500,000

    10.44 Acres, Highway 2 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10.44-acre commercial land parcel presents a remarkable mixed-use development opportunity in Airway Heights, Washington. Located on Highway 2, between Russel Street and Garfield Road, this strategically positioned property boasts approximately 550 feet of prime highway frontage, ensuring high visibility and accessibility. The property is zoned C-2 (General Commercial), allowing for a diverse range of development possibilities. With a total site size of approximately 454,771 square feet, this expansive lot offers ample space for a variety of commercial ventures. The asking price is $2,500,000. The property consists of two parcels, identified by APN numbers 15243.0036 and 15243.0053, providing flexibility for development plans. Situated in Spokane County, WA, with a 99001 zip code, this location offers convenient access to major transportation routes and a thriving community. This is an ideal investment for developers seeking a high-impact location with significant development potential. The property's size and zoning make it suitable for a wide range of commercial uses, from retail and restaurants to office spaces and light industrial facilities. Don't miss this chance to acquire a premier commercial land parcel in a rapidly growing area.

    Property Features for 0 Hwy 2

    General Information

    Property type
    Land
    Lot Size
    454,766 SF

    HighLights

    • Mixed‑use development opportunity.
    • $2.5M asking price.
    • Parcel numbers: 15243.0036 & 15243.0053.
    • 10.44‑acre site (approx. 454,771 SF).
    • Highway 2 frontage between Russel and Garfield Roads.
    • C‑2 General Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Airway Heights
    County
    Spokane
    State
    Washington
    Longitude
    -117.5769991
    Latitude
    47.6429225

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    FAQs

    What type of property is this?
    Land - 10.44 Acres, Highway 2 Frontage
    Where is this land located?
    The property is located at Hwy 2 Airway Heights, WA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Mixed-use development opportunity.; $2.5M asking price.; Parcel numbers: 15243.0036 & 15243.0053.
    (509) 838-6541
    Request Owner's contact information
    Hwy 2 Airway Heights, WA 99001
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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
    Hwy 2 Airway Heights, WA 99001
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