12323 Riverside Ave Spokane, WA 99216
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.