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

    5401 Regal St Spokane, WA 99223

    Sponsored
    For Sale
    Contact for pricing

    Prime 3-acre parcel, ideal development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3-acre land parcel presents a rare investment opportunity in Spokane, Washington's desirable South Hill neighborhood. Located at 5401 S Regal St and 2901 E 53rd Ave, Spokane, WA 99223, this property boasts excellent frontage on Regal Street and offers significant development potential. The land is comprised of two parcels, #34032.5401 and #34032.5403, and is zoned CC2-DC, allowing for a variety of commercial and potentially residential uses. A key advantage is its proximity to a newly constructed 137-unit senior housing development located directly to the east, suggesting strong existing and future demand in the immediate area. The property is being offered for sale by owner and presents a unique chance to acquire a substantial land holding in a thriving Spokane community. This location offers easy access to major transportation routes and is surrounded by established businesses and residential areas. Serious inquiries are encouraged to explore the possibilities of this prime South Hill land. The property is also available for lease, with pad sites also being considered.

    Property Features for 5401 Regal St

    General Information

    Property type
    Land

    HighLights

    • 3‑acre land parcel for sale.
    • 3‑acre land parcel available for lease, including pad sites.
    • Parcel numbers: 34032.5401 & 34032.5403.
    • CC2‑DC zoning.
    • Prime South Hill Spokane location.
    • Excellent Regal Street frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Gallery at Spokane Assisted ... Assisted Living Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.3678405
    Latitude
    47.6047416

    Nearby Similar for Sale

    • $399,900
      Pending

      Spokane Mixed-Use Property with Shop

      Live and work from home with shop and acreage.
      7318 N Julia St, Spokane, WA 99217
      View Details
    • $1,825,000
      6,956 SF

      Historic Lowell School in Spokane

      Iconic schoolhouse with original details, ready for business ideas.
      2225 S Inland Empire Way, Spokane, WA 99224
      View Details
    • $340,000
      2,234 SF

      Updated Commercial Property with GC-70 Zoning

      Updated property with GC-70 zoning, suitable for various uses.
      2012 N Ruby St, Spokane, WA 99207
      View Details
    • $675,000
      Pending

      Spokane Mixed-Use Commercial Landmark

      Historic mixed-use property with income potential in Spokane, Washington.
      5634 E Commerce Ave, Spokane, WA 99207
      View Details
    • $990,000
      8,020 SF

      Spokane Commercial Property For Sale

      Commercial property with showroom and easy freeway access in Spokane.
      3626 E Trent Ave, Spokane, WA 99202
      View Details
    • $700,000
      Pending

      Spokane Adult Family Home

      Well-established, income-producing adult family home in a peaceful neighborhood.
      4414 S Helena St, Spokane, WA 99223
      View Details
    • $675,000
      Pending

      Spokane Adult Family Home

      Well-established, income-producing adult family home in a peaceful neighborhood.
      2214 E 36Th Ave, Spokane, WA 99203
      View Details
    • $875,000
      0.44 Acres

      Mixed-Use Property in Spokane Valley

      Adaptable mixed-use property with office and warehouse space for sale.
      106 N Hutchinson Rd, Spokane, WA 99212
      View Details
    • New
      $449,900
      3,338 SF

      Spokane Commercial Office For Sale

      Multifunctional office space in a high-traffic Spokane location.
      116 E Nora Ave, Spokane, WA 99207
      View Details
    • $450,000
      2,836 SF

      Spokane Valley Live/Work Opportunity

      Versatile property with residential comfort and light commercial zoning.
      112 N Bowdish Rd, Spokane, WA 99206
      View Details
    • $699,900
      5,472 SF

      Spokane Office Building For Sale

      Centrally located office building with conversion potential.
      1915 N Division St, Spokane, WA 99207
      View Details
    • New
      $1,299,000
      9,000 SF

      Spokane Commercial Opportunity

      9,000 SF Spokane commercial property on 1.89 acres.
      1611 W Geiger Blvd, Spokane, WA 99224
      View Details

    FAQs

    What type of property is this?
    Land - Prime 3-acre parcel, ideal development.
    Where is this land located?
    The property is located at 5401 Regal St Spokane, WA.
    What are key features of this property?
    This property features: 3-acre land parcel for sale.; 3-acre land parcel available for lease, including pad sites.; Parcel numbers: 34032.5401 & 34032.5403.
    Request Owner's contact information
    5401 Regal St Spokane, WA 99223
    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.
    5401 Regal St
    Spokane, WA 99223
    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
    5401 Regal St Spokane, WA 99223
    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.