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    Property profile & analytics
    OFF-MARKET Estimated value $820,000
    Drive through restaurants

    12002 Sunset Hwy, Airway Heights, WA 99001-9465

    4,277 SF 1.56 ac lot Built 1996
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US90-1221713
    Property summary
    AI-generated overview

    This exceptional 8.72-acre commercial land parcel presents a unique investment opportunity in Airway Heights, Washington. Located on Highway 2, this property boasts 820 feet of highway frontage, ensuring high visibility and accessibility. The property is zoned for General Commercial and Light Industrial uses, offering a wide range of development possibilities. Its strategic location is less than 10 miles from Downtown Spokane, providing easy access to a thriving urban center and a large workforce. The area is already home to a variety of established businesses, including Zak Designs, KFC, Panda Express, Zips, AutoZone, and Cenex, creating a strong and diverse commercial environment. This parcel is part of a larger offering of six parcels, ranging in size from 4.55 to 36.27 acres, and offering a combined total of 1,579,929 square feet. The parcels can be purchased individually or as a portfolio, providing flexibility for investors with varying needs and scales of operation. The asking price for this specific 8.72-acre parcel is $949,815. This is an ideal location for businesses seeking high visibility, convenient access, and a strong surrounding commercial presence. Don't miss this chance to acquire a piece of prime commercial real estate in a rapidly growing area.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1996
    Construction STEEL FRAME
    Total area 4,277 SF
    Lot 1.56 ac (67,781 SF)
    APN 15243.0037
    UPID US90-1221713
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $817k
    Blend (final) Blend
    $820k
    Owner & transaction history
    3MR RESTAURANTS INC
    3MR RESTAURANTS INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.1M +12.9%
    Medical building $1.0M +7.3%
    Retail stores $985,000 +3.9%
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