Property profile

and US-2 Farwell Rd Spokane, WA 99208

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional offering presents four commercial land parcels ideally situated in North Spokane, Washington, at the intersection of Farwell Road and US-2, zip code 99208. The property boasts a highly desirable mixed-use zoning designation, providing significant development flexibility. Its strategic location offers unparalleled access to key amenities and infrastructure. Nearby establishments include Costco, a planned 165,000 square foot retail development, the North South Freeway, Whitworth University, Mead High School, Northwood Middle School, and MultiCare. The parcels benefit from excellent future ingress and egress opportunities. This makes the land highly suitable for a variety of uses, including medical facilities, retail spaces, multifamily residential buildings, senior housing, office complexes, and industrial developments. The property's proximity to the Mead Works Development, a substantial 300+ acre mixed-use project, further enhances its value. Mead Works is envisioned as a walkable, pedestrian-focused community encompassing office, retail, and residential components (including single-family, multifamily, and 55+ housing), with an estimated 1400+ living units. This presents a unique opportunity to capitalize on the growth and development projected for this thriving area of Spokane. The latitude and longitude coordinates are 47.7724926, -117.3785249 respectively.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

and US-2 Farwell Rd Spokane, WA 99208
Spokane metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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