Property profile

0 Newport Hwy Spokane, WA 99218

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 14.7-acre commercial land parcel in Spokane, WA, presents a unique investment opportunity. Located at North Newport Highway, 99218, and zoned for mixed-use development, this property offers unparalleled potential. The site boasts 11 available spaces ranging from 2,700 to 640,332 square feet, catering to a variety of retail and commercial uses. Its prime location offers direct access via a high-capacity roundabout, ensuring excellent visibility and convenient access for customers and employees. The property's strategic adjacency to a new 165,000 square foot Costco and a proposed 1,440+ unit multi-family and single-family residential development guarantees a robust and growing customer base. This development promises significant synergy and increased foot traffic, making it an ideal location for businesses seeking high visibility and strong potential for growth. The Spokane County parcel (APN 36095.1604) presents a rare chance to capitalize on the thriving Spokane market. This is a blank canvas for a visionary developer to create a thriving commercial center within a rapidly expanding residential community. Don't miss this exceptional opportunity to secure a prime piece of Spokane real estate.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

Newport Hwy Spokane, WA 99218
Spokane metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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