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    2808 Cincinnati St Spokane, WA 99207

    Sponsored
    For Sale
    $525,000

    0.51-acre lot, ideal retail/multifamily.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.51-acre commercial land parcel, located at 2808 N Cincinnati St in Spokane, Washington, presents a compelling development opportunity. Priced at $525,000, this property boasts a land value of $1,029,412 per acre, reflecting its prime location and high potential. Situated in a thriving Spokane County neighborhood (zip code 99207), the site benefits from excellent visibility and accessibility, making it highly attractive for various commercial ventures. The surrounding area shows a significant increase in multifamily development, indicating strong market demand. This property is perfectly positioned to capitalize on the growth in the area, offering developers a chance to create a successful retail or multifamily project. The location within a good retail corridor ensures high foot traffic and visibility, further enhancing its investment appeal. With its strategic location, substantial land value, and promising market trends, this property represents a rare opportunity for savvy investors and developers seeking a high-return investment in a dynamic Spokane market. The property's coordinates are 47.683846 latitude and -117.3978639 longitude.

    Property Features for 2808 Cincinnati St

    General Information

    Property type
    Land
    Lot Size
    22,216 SF

    HighLights

    • 0.51‑acre commercial lot in Spokane, WA (99207) for $525,000. Land value: $1,029,412 per acre.
    • Excellent visibility and accessibility in a thriving neighborhood.
    • Strong multifamily development growth in the surrounding area.
    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
    County
    Spokane
    State
    Washington
    Longitude
    -117.3978639
    Latitude
    47.683846

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    FAQs

    What type of property is this?
    Land - 0.51-acre lot, ideal retail/multifamily.
    Where is this land located?
    The property is located at 2808 Cincinnati St Spokane, WA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 0.51-acre commercial lot in Spokane, WA (99207) for $525,000. Land value: $1,029,412 per acre.; Excellent visibility and accessibility in a thriving neighborhood.; Strong multifamily development growth in the surrounding area.
    (206) 826-5677
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    2808 Cincinnati St Spokane, WA 99207
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    Spokane, WA 99207
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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
    2808 Cincinnati St Spokane, WA 99207
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