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    1404 Riverside Ave Spokane, WA 99201

    For Sale
    $2,000,000

    Prime Spokane Commercial Lot, Downtown Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 20,684 square foot commercial land parcel, located at 1404 W Riverside Ave in Spokane, Washington (zip code 99201), presents a unique investment opportunity. The property, identified by APN 25134.4616, is zoned DTG - Downtown General, allowing for a variety of development possibilities. Its prime location offers easy access to Interstate 90 and the Maple Street North bridge, ensuring excellent connectivity throughout the city. The site benefits from its proximity to Spokane's vibrant downtown core, placing it within walking distance of numerous shopping, dining, and entertainment options. All necessary entitlements and engineering studies have already been completed, streamlining the development process and minimizing potential delays. This significantly reduces the time and cost associated with project initiation, making it an attractive proposition for developers seeking a fast-track project. The asking price for this ready-to-develop lot is $2,000,000. This represents a compelling opportunity to capitalize on Spokane's thriving commercial real estate market.

    Property Features for 1404 Riverside Ave

    General Information

    Property type
    Land

    HighLights

    • Parcel ID: 25134.4616
    • Zoned DTG (Downtown General)
    • Prime downtown location near shopping, dining, and entertainment
    • Fully entitled and engineered
    • Convenient access to I‑90 and Maple Street North bridge
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Dental Office Hair Salon Spa & Massage Nail Salon Building Supply Realty agency Daycare Center Clothing Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4326826
    Latitude
    47.6575578

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    FAQs

    What type of property is this?
    Land - Prime Spokane Commercial Lot, Downtown Access
    Where is this land located?
    The property is located at 1404 Riverside Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Parcel ID: 25134.4616; Zoned DTG (Downtown General); Prime downtown location near shopping, dining, and entertainment
    (509) 755-7548
    Request Owner's contact information
    1404 Riverside Ave Spokane, WA 99201
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    Spokane, WA 99201
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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
    1404 Riverside Ave Spokane, WA 99201
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