5401 Regal St Spokane, WA 99223
- Assisted living facilities
- 119,933 SF
- 5.61 lot acres
Current Use by Public Records
- The Gallery at Spokane Assisted & Senior Living / Assisted Living Facility / Retirement Community
Property Details for 5401 Regal St
- Year built
- 2022
- Lot size
- 5.61 lot acres
- Property size
- 119,933 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 34032.5404
- APU
- 340325404
Description
This exceptional 3-acre land parcel presents a rare investment opportunity in Spokane, Washington's desirable South Hill neighborhood. Located at 5401 S Regal St and 2901 E 53rd Ave, Spokane, WA 99223, this property boasts excellent frontage on Regal Street and offers significant development potential. The land is comprised of two parcels, #34032.5401 and #34032.5403, and is zoned CC2-DC, allowing for a variety of commercial and potentially residential uses. A key advantage is its proximity to a newly constructed 137-unit senior housing development located directly to the east, suggesting strong existing and future demand in the immediate area. The property is being offered for sale by owner and presents a unique chance to acquire a substantial land holding in a thriving Spokane community. This location offers easy access to major transportation routes and is surrounded by established businesses and residential areas. Serious inquiries are encouraged to explore the possibilities of this prime South Hill land. The property is also available for lease, with pad sites also being considered.
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
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.367
- Latitude
- 47.6049
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
