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    5800 Thomas Mallen Rd Cheney, WA 99224

    Sponsored
    For Sale
    $900,000

    Prime 5-acre industrial lot, Spokane County.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.19-acre industrial land parcel, located at 5800 S Thomas Mallen Rd, Cheney, WA 99224, presents a unique investment opportunity. Situated in Spokane County, this property boasts a Light Industrial zoning designation, making it ideal for a variety of commercial uses. The lot size is approximately 235,578 square feet, offering ample space for development. The property features access to city sewer and water services, simplifying infrastructure needs. The Assessor's Parcel Number (APN) is 24053.9102. This strategically located land offers significant potential for businesses seeking a well-connected location within Spokane County. While the current lease on an adjacent parcel expires September 18, 2025, this offering focuses solely on the 5.19-acre parcel identified above. The seller is also open to offers on a separate, adjacent parcel (APN 24053.9031), but details on that parcel are available upon request. This prime industrial land is priced at $900,000 and represents a compelling opportunity for investors and developers alike. Don't miss this chance to acquire a substantial industrial property in a thriving area.

    Property Features for 5800 Thomas Mallen Rd

    General Information

    Property type
    Land
    Lot Size
    226,076 SF

    HighLights

    • 5.19‑acre lot (235,578± sq ft), Parcel # 24053.9102.
    • Light Industrial zoning.
    • City of Spokane water and sewer.
    • Owner considering offers on adjacent Parcel # 24053.9031 (Inquire with broker for details).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Department Store Food Market HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.5406037
    Latitude
    47.5975659

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    FAQs

    What type of property is this?
    Land - Prime 5-acre industrial lot, Spokane County.
    Where is this land located?
    The property is located at 5800 Thomas Mallen Rd Cheney, WA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 5.19-acre lot (235,578± sq ft), Parcel # 24053.9102.; Light Industrial zoning.; City of Spokane water and sewer.
    Request Owner's contact information
    5800 Thomas Mallen Rd Cheney, WA 99224
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    Cheney, 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
    5800 Thomas Mallen Rd Cheney, WA 99224
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