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    11515 Medical Lake Rd Spokane, WA 99224

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    For Sale
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    94 Acres, Prime Spokane Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 94-acre parcel presents a unique commercial development opportunity in Spokane, Washington. Strategically located between Spokane Airport and Fairchild Air Force Base, this property offers unparalleled access and visibility. Zoned for Retail Commercial and Light Industrial uses, the land allows for diverse development options, including hospitality, residential, retail, office, travel plaza, and manufacturing. Public utilities, including street access, power, water, and sewer, are being extended to individual parcels. The final Binding Site Plan is anticipated in 2022, at which point individual parcel details will be finalized. This prime location boasts proximity to established businesses such as Amazon, Caterpillar, UTC Aerospace Systems, Bobcat of Spokane, and Inland Power and Light, as well as future developments including Mullen Technologies, Selkirk Pharma, and a Rail Truck Transload Facility. This "Gateway" to Spokane's West Plains offers investors and developers a chance to capitalize on a rapidly growing area with significant potential for long-term growth and return. The property is situated at 11515 W Medical Lake Rd, Spokane, WA 99224, in Spokane County.

    Property Features for 11515 Medical Lake Rd

    General Information

    Property type
    Land
    Lot Size
    4,094,640 SF

    HighLights

    • Prime location at Spokane's West Plains gateway.
    • Utilities (power, water, sewer) available to individual parcels with public street access.
    • Flexible zoning allows diverse uses including hospitality, residential, retail, office, and industrial.
    • Strong existing tenant base including Amazon, Caterpillar, and other major companies.
    • Significant future development planned with major companies like Mullen Technologies and Kenworth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Nail Salon Hotel & Motel Auto Repair Shop Auto Parts Store Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.5720518
    Latitude
    47.5910311

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    FAQs

    What type of property is this?
    Land - 94 Acres, Prime Spokane Location
    Where is this land located?
    The property is located at 11515 Medical Lake Rd Spokane, WA.
    What are key features of this property?
    This property features: Prime location at Spokane's West Plains gateway.; Utilities (power, water, sewer) available to individual parcels with public street access.; Flexible zoning allows diverse uses including hospitality, residential, retail, office, and industrial.
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    11515 Medical Lake Rd 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
    11515 Medical Lake Rd Spokane, WA 99224
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