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Property profile & analytics
OFF-MARKET
Commercial real estate

12323 Riverside Ave Spokane, WA 99216

0.62 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.62-acre commercial lot presents a remarkable development opportunity in Spokane, Washington. Strategically located near the intersection of Sprague Avenue and Pines Road, this property benefits from significant daily traffic volume exceeding 23,000 vehicles. The flexible zoning allows for a diverse range of development projects, catering to various business needs. Potential uses include light manufacturing facilities, retail spaces, multifamily residential buildings, or office complexes. This prime location offers unparalleled visibility and accessibility, making it an ideal investment for developers seeking to capitalize on a high-traffic area with substantial growth potential. The property's size and zoning flexibility provide ample room for creative and lucrative development plans. Given the high daily traffic count at the nearby intersection, businesses operating from this location would enjoy excellent exposure to a large customer base. This presents a unique chance to build a thriving commercial venture in a vibrant and rapidly developing part of Spokane. The land is ready for immediate development, offering a streamlined path to realizing your vision. Don't miss this exceptional opportunity to acquire a highly desirable commercial property in a sought-after location. The asking price is $499,000.

Property profile
Verified
Property type Commercial real estate
Lot 0.62 ac (27,007 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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