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    1123 Francis Ave Spokane, WA 99208

    Sponsored
    For Lease
    $0.65 SF/Yr

    1.69 Acres, Build-to-Suit Opportunity

    Lot size:
    73,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.69-acre commercial land parcel presents a unique investment opportunity at 1123 E Francis Ave. Zoned for Commercial-Light Industrial (GC-70), this single-tenant site offers 73,616 square feet of development potential. The property boasts convenient curb cut access to E. Francis Ave. and a cross easement to the nearby Albertsons Center, ensuring high visibility and accessibility. With an approximate lot size of 121 feet by 607 feet, the dimensions provide ample space for a variety of commercial developments. The high traffic count of approximately 23,800 vehicles per day (VPD) on E. Francis Ave. guarantees significant exposure for any business established here. This property is ideal for ground lease or build-to-suit projects, offering flexibility to tailor the development to specific business needs. The strategic location and zoning regulations make this a highly desirable site for businesses seeking a prominent presence in a busy commercial area. Serious inquiries are encouraged to explore the possibilities of this prime commercial land.

    Property Features for 1123 Francis Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    73,616 SF

    Unit(s) available at that property

    Space
    Size
    73,616 SF
    Rate per SF
    $0.65

    HighLights

    • 1.1.69‑acre commercial land parcel available for ground lease or build‑to‑suit.
    • 2. Zoned Commercial‑Light Industrial (GC‑70).
    • 3. 73,616 square foot lot, approximately 121' x 607'.
    • 4. High traffic count of approximately 23,800 vehicles per day.
    • 5. Includes cross easement to Albertsons Center and curb cut access to E. Francis Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.393023
    Latitude
    47.715979

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    FAQs

    What type of property is this?
    Land - 1.69 Acres, Build-to-Suit Opportunity
    Where is this land located?
    The property is located at 1123 Francis Ave Spokane, WA.
    What is the lease rate?
    The lease rate is $0.65 SF/Yr.
    What are key features of this property?
    This property features: 1.1.69-acre commercial land parcel available for ground lease or build-to-suit.; 2. Zoned Commercial-Light Industrial (GC-70).; 3. 73,616 square foot lot, approximately 121' x 607'.
    Request Owner's contact information
    1123 Francis Ave Spokane, WA 99208
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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
    1123 Francis Ave Spokane, WA 99208
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