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    16224 Sprague Ave Spokane Valley, WA 99037

    Sponsored
    For Lease
    $2 SF/Yr

    High-visibility commercial land for lease/sale.

    Lot size:
    2 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-square-foot commercial land parcel is ideally situated on the highly visible corner of East Sprague Avenue and South Conklin Road in Spokane Valley, Washington. The property, identified by APN 45242.0122, is a single-tenant lot primed with gravel and benefits from a lighted intersection, ensuring maximum exposure for your business. Its strategic location offers unparalleled visibility and accessibility for customers. Currently available for both lease and sale, this versatile lot presents a unique opportunity for a variety of commercial uses. Imagine the possibilities: a food truck operation, a secure storage facility, a vibrant farm stand, or a small business needing a prominent location. The property's compact size makes it perfect for entrepreneurs seeking a cost-effective and highly visible space to establish their presence in the thriving Spokane Valley market. The zip code is 99037. This is a rare opportunity to secure a prime commercial location in a high-traffic area. Don't miss out on this chance to establish your business in a highly visible and accessible location.

    Property Features for 16224 Sprague Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2 SF

    Unit(s) available at that property

    Space
    Size
    2 SF
    Rate per SF
    $2

    HighLights

    • High visibility corner lot at E Sprague Ave & S Conklin Rd, Spokane Valley, WA (APN 45242.0122, Zip 99037).
    • Fully graveled and landscaped 2‑square‑foot lot.
    • 110 ft frontage on E Sprague Ave, 150 ft frontage on S Conklin Rd, with access from both streets.
    • Zoned for light manufacturing, retail, multifamily, and office uses.
    • High traffic area: 17,774 average daily vehicles on E Sprague Ave, 2,733 on S Conklin Rd; easy I‑90 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.18595663445
    Latitude
    47.656639329054

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    FAQs

    What type of property is this?
    Land - High-visibility commercial land for lease/sale.
    Where is this land located?
    The property is located at 16224 Sprague Ave Spokane Valley, WA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: High visibility corner lot at E Sprague Ave & S Conklin Rd, Spokane Valley, WA (APN 45242.0122, Zip 99037).; Fully graveled and landscaped 2-square-foot lot.; 110 ft frontage on E Sprague Ave, 150 ft frontage on S Conklin Rd, with access from both streets.
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    16224 Sprague Ave Spokane Valley, WA 99037
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    Spokane Valley, WA 99037
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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
    16224 Sprague Ave Spokane Valley, WA 99037
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