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    6402 Nevada St Spokane, WA 99208

    Sponsored
    For Lease
    $1.20 SF/Yr

    Prime Spokane commercial lot, build-to-suit option.

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 25,000 square foot commercial land parcel, located at 6402 N Nevada St, Spokane, WA 99208, presents a unique investment opportunity. The property boasts excellent visibility on Nevada Street, with an estimated 24,100 vehicles passing daily, ensuring high exposure for any development. The lot dimensions are approximately 100 feet by 250 feet. The zoning is designated GC-70, allowing for a variety of commercial uses (specific permitted uses should be verified independently with the city of Spokane). This single-tenant property offers flexibility with the option of a ground lease or a build-to-suit arrangement, catering to specific development needs. A significant advantage is the inclusion of a cross parking and access easement with an adjoining property, enhancing convenience and accessibility. This prime location in Spokane, Washington offers a compelling opportunity for businesses seeking high visibility and convenient access. The property's size and zoning make it suitable for a wide range of commercial developments. Interested parties are encouraged to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use. Further details regarding the zoning regulations and permitted uses are available through the Spokane City Planning Department.

    Property Features for 6402 Nevada St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF

    Unit(s) available at that property

    Space
    Size
    25,000 SF
    Rate per SF
    $1.20
    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
    -117.3944817
    Latitude
    47.7164875

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    FAQs

    What type of property is this?
    Land - Prime Spokane commercial lot, build-to-suit option.
    Where is this land located?
    The property is located at 6402 Nevada St Spokane, WA.
    What is the lease rate?
    The lease rate is $1.20 SF/Yr.
    Request Owner's contact information
    6402 Nevada St Spokane, WA 99208
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    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
    6402 Nevada St Spokane, WA 99208
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