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    1720 Assembly Rd Spokane, WA 99224

    Sponsored
    For Sale
    $3,695,000

    High-density apartment land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional 8.25-acre development opportunity in Spokane, Washington, strategically located on Sunset Highway with high visibility from I-90. This prime acreage boasts breathtaking views of downtown Spokane and is conveniently situated minutes from Spokane Airport and the city center. The property comprises two parcels (25271.2803 & 25271.9215), totaling 8.25 acres, with multiple access points from Sunset Highway and Assembly Road. Zoning allows for high-density apartment development, with buildings reaching up to 70 feet in height. Utilities are readily available. Seller-provided reports are available to qualified buyers. The site is easily accessible via Garden Springs I-90 Exit 277, near the Hampton Inn. The asking price for this exceptional development land is $3,695,000. Addresses include 4611 W. Sunset Hwy and 1720 S. Assembly Rd, Spokane, WA 99224.

    Property Features for 1720 Assembly Rd

    General Information

    Property type
    Land

    HighLights

    • 8.25‑acre development site in Spokane, WA.
    • High‑visibility location on Sunset Highway, near I‑90.
    • Stunning downtown Spokane views.
    • Minutes from Spokane Airport and city center.
    • High‑density apartment zoning (up to 70' height).
    • Multiple access points from Sunset Highway and Assembly Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.477132
    Latitude
    47.639058

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    FAQs

    What type of property is this?
    Land - High-density apartment land, prime location.
    Where is this land located?
    The property is located at 1720 Assembly Rd Spokane, WA.
    What is the asking price?
    The asking price for this property is $3,695,000.
    What are key features of this property?
    This property features: 8.25-acre development site in Spokane, WA.; High-visibility location on Sunset Highway, near I-90.; Stunning downtown Spokane views.
    (509) 926-5311
    Request Owner's contact information
    1720 Assembly Rd Spokane, WA 99224
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    Spokane, WA 99224
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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
    1720 Assembly Rd Spokane, WA 99224
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