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    12825 14Th Ave Airway Heights, WA 99001

    Sponsored
    For Sale
    $5,138,640

    Prime Retail Space, High Traffic Area

    Property size:
    49,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 49,410-square-foot former grocery store building situated on a 4.94-acre lot in Airway Heights, Washington. Located at 12825 W 14th Ave, this free-standing structure boasts a strategic location on Highway 2, offering high visibility and accessibility. Built in 1978, the property features two loading docks and ample parking, including a large paved lot in front and a gravel lot behind. A significant advantage is the inclusion of an additional 2,800-square-foot fenced storage garage. The asking price is $5,138,640, translating to $104 per square foot. The property is zoned C-1, allowing for a diverse range of commercial uses, including but not limited to retail, restaurants, professional offices, medical facilities, entertainment venues, and hotels. Its proximity to Fairchild Air Force Base (only 2.6 miles away), with its substantial population of active-duty personnel, dependents, and civilian employees, presents a compelling demographic advantage. The property's size and zoning offer significant value-add potential, and additional development land is also available. The existing lease expires in May 2025. This property represents a rare opportunity to acquire a substantial retail space in a high-growth area with strong potential for future development and returns. The APN is 15261.1907.

    Property Features for 12825 14Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    49,410 SF
    Lot Size
    215,186 SF

    Building Details

    Year Built
    1978

    HighLights

    • Free‑standing commercial building on a large lot with value‑add potential; adjacent land also available.
    • Yoke's lease expires May 22, 2025.
    • 2.6 miles from Fairchild AFB, serving a population of over 12,000.
    • Features two loading docks.
    • Ample paved and gravel parking.
    • Includes a 2,800 SF fenced storage garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Airway Heights
    County
    Spokane
    State
    Washington
    Longitude
    -117.5895254
    Latitude
    47.6419011

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, High Traffic Area
    Where is this individual retail property located?
    The property is located at 12825 14Th Ave Airway Heights, WA.
    What is the asking price?
    The asking price for this property is $5,138,640.
    What are key features of this property?
    This property features: Free-standing commercial building on a large lot with value-add potential; adjacent land also available.; Yoke's lease expires May 22, 2025.; 2.6 miles from Fairchild AFB, serving a population of over 12,000.
    Request Owner's contact information
    12825 14Th Ave 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
    12825 14Th Ave Airway Heights, WA 99001
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