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    34000 Newport Hwy Chattaroy, WA 99003

    For Sale
    $699,000

    11 Acres, Hwy Frontage, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 11-acre commercial land parcel, located at 34000 N Newport Hwy in Chattaroy, Washington, is offered at $699,000. The property boasts over 1,600 feet of frontage along the bustling Newport Highway (99003), providing unparalleled visibility and accessibility. Zoned Rural Traditional by Spokane County, this versatile land offers a multitude of development possibilities. Its strategic location along a major thoroughfare ensures high traffic volume and exposure, making it ideal for a variety of commercial ventures. The land value is $1.46 per square foot. This prime location presents a unique opportunity for investors seeking high-impact exposure and long-term growth potential within Spokane County's dynamic market. The property's adaptable zoning allows for flexible development plans, catering to diverse business needs and maximizing investment returns. This is a rare chance to acquire a substantial land holding with significant frontage in a rapidly developing area, promising substantial returns for forward-thinking investors. The property's position within Spokane County offers access to a thriving community and strong economic growth prospects. This investment represents a sustainable opportunity with enduring value and stability in a competitive market.

    Property Features for 34000 Newport Hwy

    General Information

    Property type
    Land
    Lot Size
    479,160 SF

    HighLights

    • 11‑acre commercial land parcel in Chattaroy, WA, offered at $699,000 with over 1,600 feet of frontage on Newport Highway (99003).
    • Spokane County Rural Traditional zoning allows for diverse development options.
    • High‑traffic location on a major thoroughfare provides excellent visibility and accessibility.
    • Adaptable zoning allows for flexible development plans, including commercial, residential, or mixed‑use projects.
    • Prime location within Spokane County offers strong growth potential and access to a thriving community.
    • Sustainable investment opportunity with enduring value and stability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattaroy
    County
    Spokane
    State
    Washington
    Longitude
    -117.3494555
    Latitude
    47.9653576

    Nearby Comparable

    • $299,000
      62,726 SF

      Chattaroy Retail Pad: Prime Location

      Vacant Retail Space, High Visibility
      34478 Newport Hwy, Chattaroy, WA 99003
      View Details
    • $299,000

      Highway Land Near Retail Anchor

      1.44 acre commercial land near Dollar General.
      34478 N Newport Hwy, Chattaroy, WA 99003
      View Details

    Nearby Similar for Sale

    • $799,000
      6,400 SF

      6,400 SF Two-Tenant Building

      Two-tenant building with new leases and income in Chattaroy, WA.
      4211 East Westwood Ave, Chattaroy, WA 99003
      View Details
    • $899,000
      6,400 SF

      Prime Chattaroy Retail Investment

      6,400 SF Multi-Tenant Retail Building
      4211 Westwood Ave, Chattaroy, WA 99003
      View Details
    • $299,000
      62,726 SF

      Chattaroy Retail Pad: Prime Location

      Vacant Retail Space, High Visibility
      34478 Newport Hwy, Chattaroy, WA 99003
      View Details

    FAQs

    What type of property is this?
    Land - 11 Acres, Hwy Frontage, Investment Opportunity
    Where is this land located?
    The property is located at 34000 Newport Hwy Chattaroy, WA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 11-acre commercial land parcel in Chattaroy, WA, offered at $699,000 with over 1,600 feet of frontage on Newport Highway (99003).; Spokane County Rural Traditional zoning allows for diverse development options.; High-traffic location on a major thoroughfare provides excellent visibility and accessibility.
    (206) 826-5677
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    34000 Newport Hwy Chattaroy, WA 99003
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    Chattaroy, WA 99003
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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
    34000 Newport Hwy Chattaroy, WA 99003
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