1638 Willow St Cheney, WA 99004
- Self storage facilities
- 92,770 SF
- 6.28 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 1638 Willow St
- Lot size
- 6.28 lot acres
- Property size
- 92,770 SF
- Property type
- Self storage facilities
Description
This exceptional investment opportunity presents a fully entitled, shovel-ready self-storage development in Cheney, WA. Located on 6.28 acres along Highway 904, this 92,770 square foot property boasts 64,920 square feet of net rentable space within ten single-story buildings. The development plan includes 83,620 square feet of self-storage units (including 26,400 square feet of enclosed space and 1,450 square feet of covered canopy RV parking), plus 7,700 square feet of retail flex bays and 1,450 square feet of office space. The permitted zoning is Business Park, offering flexibility for future expansion. Unit sizes cater to diverse needs, including 10x10 and 10x20 household storage units and 22x50 enclosed/heated RV storage. The property benefits from high visibility and direct access to Highway 904, situated within the Cheney Commerce Industrial Park, offering modern amenities. Civil engineering, architecture, Phase 1 assessment, and permitting are complete. This development is designed to capitalize on the growing demand for self-storage in Cheney and Spokane County, a region experiencing significant growth near Eastern Washington University, Amazon, and Boeing. The asking price is $849,000, with a land price of $3.10 per square foot. This turnkey investment offers a rare opportunity to acquire a fully permitted facility in a dynamic and growing area. The property includes approximately 302 units with an average unit size of 306 square feet.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cheney
- County
- Spokane
- State
- Washington
- Longitude
- -117.605
- Latitude
- 47.4754
