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    606 Main St Deer Park, WA 99006

    Sponsored
    For Sale
    $1,499,981

    7-Acre Development Opportunity in Deer Park, WA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 7.05-acre commercial land parcel, located at 606 S Main St in Deer Park, WA, presents a prime development opportunity. Situated in Spokane County (zip code 99006), this property boasts a highly desirable C-D zoning designation, allowing for a diverse range of commercial uses including retail, drive-thru establishments, professional offices, apartments, and mixed-use developments. The land is conveniently located with frontage on both Main Street and Fir Avenue, ensuring excellent visibility and accessibility. The flat, usable terrain is serviced by readily available utilities, making development straightforward and efficient. The property is divided into two parcels: a 2.52-acre parcel priced at $6.50 per square foot and a 4.53-acre parcel priced at $4.00 per square foot. The total asking price for the entire 7.05-acre site is $1,499,981, translating to an attractive price per acre of $212,763. Deer Park is experiencing significant growth, making this a particularly compelling investment in one of Eastern Washington's fastest-growing communities, with a current population exceeding 4,500 residents and hundreds of new housing lots under development. This presents a unique chance to capitalize on the area's expanding residential base and burgeoning commercial sector. The property's strategic location and flexible zoning make it an ideal platform for a variety of commercial ventures.

    Property Features for 606 Main St

    General Information

    Property type
    Land
    Lot Size
    307,098 SF

    HighLights

    • Development opportunity with Main Street & Fir Avenue frontage in Deer Park, WA.
    • 7.05‑acre flat, usable land with readily available utilities.
    • 2.52‑acre parcel priced at $6.50/sf.
    • 4.53‑acre parcel priced at $4.00/sf.
    • C‑D zoning allows retail, drive‑thru, office, apartments, and mixed‑use development.
    • Prime development land in a rapidly growing Eastern Washington community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Spokane
    State
    Washington
    Longitude
    -117.4775221
    Latitude
    47.9483558

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    FAQs

    What type of property is this?
    Land - 7-Acre Development Opportunity in Deer Park, WA
    Where is this land located?
    The property is located at 606 Main St Deer Park, WA.
    What is the asking price?
    The asking price for this property is $1,499,981.
    What are key features of this property?
    This property features: Development opportunity with Main Street & Fir Avenue frontage in Deer Park, WA.; 7.05-acre flat, usable land with readily available utilities.; 2.52-acre parcel priced at $6.50/sf.
    (206) 826-5677
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    606 Main St Deer Park, WA 99006
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    Deer Park, WA 99006
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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
    606 Main St Deer Park, WA 99006
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