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    1208 Lundstrom St Airway Heights, WA 99001

    Sponsored
    For Sale
    $895,000

    Spacious warehouse, ideal investment opportunity.

    Property size:
    7,691 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at 1208 S Lundstrom St, Airway Heights, WA 99001, presents a compelling investment opportunity. The warehouse, built in 1964, boasts a substantial 7,691 square feet of net rentable space spread across two stories, offering ample room for various uses. The asking price is $895,000, translating to a price per square foot of $116.37. The property sits on a generous 27,285 square foot lot (APN: 15233.0101, 15233.0118) and is zoned for Public & Community Use. Currently occupied by the City of Airway Heights Fire Department, the lease agreement extends through May 2025, providing a stable income stream for the foreseeable future. This presents a unique chance to acquire a well-located, established industrial building with significant potential for future development or continued lease income. The property's size and zoning offer considerable flexibility for a variety of commercial ventures. Its strategic location in Airway Heights, Spokane County, Washington, ensures easy access to major transportation routes and a thriving local economy. This is a rare opportunity to secure a substantial industrial property in a desirable location.

    Property Features for 1208 Lundstrom St

    General Information

    Property type
    Distribution properties
    Square Feet
    7,691 SF

    Building Details

    Year Built
    1964
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Airway Heights
    County
    Spokane
    State
    Washington
    Longitude
    -117.59310777107
    Latitude
    47.644313521413

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    FAQs

    What type of property is this?
    Distribution property - Spacious warehouse, ideal investment opportunity.
    Where is this distribution property located?
    The property is located at 1208 Lundstrom St Airway Heights, WA.
    What is the asking price?
    The asking price for this property is $895,000.
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    1208 Lundstrom St Airway Heights, WA 99001
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    Airway Heights, WA 99001
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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
    1208 Lundstrom St Airway Heights, WA 99001
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