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    1529 1St St Cheney, WA 99004

    Sponsored
    For Sale
    $900,000

    Prime 5.59-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.59-acre commercial land parcel, located at 1529 W 1st St, Cheney, WA 99004 (APN 13232.0080), presents a unique investment opportunity in Spokane County. Zoned for commercial use, this property offers significant potential for various developments. The asking price is $900,000. Preliminary development plans for an RV/mini storage facility are available, making this a turnkey project for the right investor. The property boasts convenient access to utilities, with sewer and water readily available on 1st Street. An existing single-family house is included on the property, adding further value and potential for future use or rental income. The expansive lot size provides ample space for a variety of commercial ventures, making it an ideal location for entrepreneurs and developers seeking a strategic foothold in the thriving Cheney market. This property is situated in a desirable location with excellent visibility and accessibility. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering.

    Property Features for 1529 1St St

    General Information

    Property type
    Land
    Lot Size
    243,500 SF

    HighLights

    • 5.59‑acre commercial land parcel in Cheney, WA.
    • Zoned for commercial use, asking price $900,000.
    • Preliminary RV/mini storage development plans available.
    • Utilities (sewer & water) readily accessible.
    • Includes an existing single‑family house.
    • Excellent visibility and accessibility in a desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Clothing Store Gym & Fitness Kitchen & Bath Storage Facility HVAC Service Convenience Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.60329922879
    Latitude
    47.473746625908

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    FAQs

    What type of property is this?
    Land - Prime 5.59-acre commercial lot.
    Where is this land located?
    The property is located at 1529 1St St Cheney, WA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 5.59-acre commercial land parcel in Cheney, WA.; Zoned for commercial use, asking price $900,000.; Preliminary RV/mini storage development plans available.
    (509) 755-7588
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    1529 1St St Cheney, WA 99004
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    Cheney, WA 99004
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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
    1529 1St St Cheney, WA 99004
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