Property profile

10219 Highway 2 Spokane, WA 99224

OFF-MARKET
Retail properties & Spaces
40,000 SF 7.28 ac lot Built 2021
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Property summary

AI-generated overview

Hazelwood Square Development offers a unique investment opportunity in Spokane, Washington. This 7.28-acre property at 10219 W. Highway 2, zip code 99224, features a total of 40,000 square feet of office and retail space, with 6,500 square feet currently available for lease. The development boasts convenient highway frontage, maximizing visibility and accessibility. The property includes multiple buildings, offering flexibility for various needs. Building 1, a pre-existing structure, has 1,500 square feet of immediately available medical office space. Building 2, currently in the design phase, will offer an additional 5,000 square feet of space upon completion. Furthermore, there are 3.82 acres of southern parcels available for development, presenting significant expansion potential. The property's 2021 construction ensures modern amenities and efficient layouts. This versatile property is ideal for medical practices seeking established space or those planning future expansion, offering multiple use options to suit diverse business requirements. Located in Spokane County, this prime location provides excellent access to a thriving community. Contact us today to explore the possibilities.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 40,000 SF
Lot 7.28 ac (317,117 SF)

Cap rate & NOI

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

Location

10219 Highway 2 Spokane, WA 99224
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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