Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1500 1St St Cheney, WA 99004

    Sponsored
    For Sale
    $8,000,000

    112,501 SF Manufacturing/Warehouse

    Property size:
    112,501 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 112,501-square-foot industrial property, situated on a 10.08-acre lot in Cheney, Washington, presents a compelling investment opportunity. Originally constructed in 1982 as a Honeywell microchip manufacturing plant, the building boasts robust infrastructure including heavy power, concrete walls, and concrete roof trusses. The property is zoned LI and features three loading docks and four dock-high doors. Recent upgrades include a new roof (2017) and fresh interior paint (2019), enhancing the building's overall condition. Currently leased to Allpack under an absolute net lease, meaning all repair and operating costs are the tenant's responsibility, this property offers a low-maintenance, high-return potential. The building's interior is well-maintained, reflecting its suitability for a variety of manufacturing or warehousing operations. The property's strategic location in Cheney, WA, with its address at 1500 W 1st St, zip code 99004, offers convenient access to transportation networks and a skilled workforce. The asking price is $8,000,000, translating to $71.11 per square foot. This represents a significant opportunity to acquire a well-maintained, strategically located industrial asset with a strong tenant in place. The property's APN is 13232.0086. This is a rare chance to own a substantial piece of Cheney's industrial landscape.

    Property Features for 1500 1St St

    General Information

    Property type
    Distribution properties
    Square Feet
    112,501 SF

    Building Details

    Buildings
    1

    HighLights

    • $8,000,000 asking price for this 112,501 SF industrial property.
    • Located at 1500 W 1st St, Cheney, WA 99004, Spokane County.
    • Features 1 building on a 10.08‑acre site with LI zoning.
    • Includes 3 loading docks and 4 dock‑high doors.
    • Price per square foot is $71.11.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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
    -117.6041971
    Latitude
    47.4745257

    Nearby Comparable

    • $900,000
      5.59 Acres

      Cheney Commercial Land Opportunity

      Prime 5.59-acre commercial lot.
      1529 1St St, Cheney, WA 99004
      View Details
    • $900,000

      Commercial Land in Cheney Available

      Commercial land suitable for RV/mini storage facility in Cheney.
      1529 W 1St St, Cheney, WA 99004
      View Details
    • $49,950
      924 SF

      Move-In Ready Mobile Home

      1997 Champion singlewide in Pine Village Mobile Home Park.
      840 W 1St St, Cheney, WA 99004
      View Details
    • $799,000
      10.16 Acres

      Cheney Commercial Land Opportunity

      10 Acres, Prime Development Site, $799,000
      0 Parcels, Cheney, WA 99004
      View Details
    • $500,000
      6.06 Acres

      Cheney Commercial Land Development

      6.06 Acres, Prime Location, $500K
      0 Parcels, Cheney, WA 99004
      View Details
    • $500,000

      Cheney Development Land Parcels

      Multiple land parcels available for development in Cheney, Washington.
      1595-1656 Spg St, Cheney, WA
      View Details
    • $550,000

      Cheney Land Investment Opportunity

      Prime commercial land in Cheney, WA, ideal for development.
      240 Fred John Way, Cheney, WA
      View Details
    • Contact for pricing

      Land Available in Cheney, WA

      Land available for sale in Cheney, Washington.
      Sr 904, Cheney, WA
      View Details
    • $150,000

      1.64 Acre Development Opportunity

      1.64 acre commercial land parcel with easy I-90 access.
      11212 Washington 904, Cheney, WA
      View Details
    • $799,000

      Cheney Development Land Parcels

      Multiple land parcels available for development in Cheney, Washington.
      1566-1596 Spg St, Cheney, WA
      View Details

    Nearby Similar for Sale

    • $1,599,900
      8,000 SF

      Versatile Shop/Home on 20 Acres

      Multi-use 8,000 sq ft space on 20 acres.
      14414 S Stangland Rd, Cheney, WA 99004
      View Details
    • $295,000
      6,264 SF

      Cheney Commercial Opportunity on Main

      Restaurant, bar, or retail space with equipment included.
      809 1St St, Cheney, WA 99004
      View Details
    • $1,250,000

      Self Storage Development Opportunity

      Shovel-ready self-storage development site near Spokane International Airport.
      8972 W Hallett Rd, Cheney, WA 99004
      View Details
    • $1,275,000
      5,582 SF

      Downtown Cheney Mixed-Use Property

      Established mixed-use property in downtown Cheney, Washington.
      625 B St, Cheney, WA 99004
      View Details
    • $80,000
      840 SF

      Badger Lake Estates Manufactured Home

      Well-maintained 2-bedroom home with lake access and community amenities.
      34010 S Black Butte Ln, Cheney, WA 99004
      View Details
    • $33,500
      728 SF

      Furnished Home in Cheney Park

      Centrally located, furnished home with appliances, storage, and yard.
      2225 1St St, Cheney, WA 99004
      View Details
    • $49,950
      924 SF

      Move-In Ready Mobile Home

      1997 Champion singlewide in Pine Village Mobile Home Park.
      840 W 1St St, Cheney, WA 99004
      View Details
    • Contact for pricing
      3,894 SF

      Cheney Medical Office For Sale

      3,894 SF medical office building with exam and X-ray rooms.
      1727 1St St, Cheney, WA 99004
      View Details
    • $2,500,000
      0.92 Acres

      Prime Cheney Auto Body Shop

      Established Business, Real Estate Included
      2218 1St St, Cheney, WA 99004
      View Details
    • Contact for pricing
      3,894 SF

      Cheney Medical Office Space

      Prime Cheney location, 3894 sq ft vacant.
      1727 1St St, Cheney, WA 99004
      View Details
    • $2,500,000
      1,432 SF

      Prime Cheney Student Housing

      18 Suites, Move-In Ready, High ROI
      113 9Th St, Cheney, WA 99004
      View Details

    FAQs

    What type of property is this?
    Distribution property - 112,501 SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 1500 1St St Cheney, WA.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: $8,000,000 asking price for this 112,501 SF industrial property.; Located at 1500 W 1st St, Cheney, WA 99004, Spokane County.; Features 1 building on a 10.08-acre site with LI zoning.
    Request Owner's contact information
    1500 1St St Cheney, WA 99004
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 1St St
    Cheney, WA 99004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1500 1St St Cheney, WA 99004
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.