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12002 W Sunset Hwy Airway Heights, WA 99001

Drive through restaurants Google Maps
4,277 SF 1.56 ac lot Built 1996
Entity Owned Absentee Owner Free & Clear
12002 W Sunset Hwy, Airway Heights, WA 99001 For Sale
Contact for pricing 4,277 SF
12002 W Sunset Hwy, Airway Heights, WA 99001
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Estimated value (blended)
$820k
Range $738k – $902k (±10%)
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

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

Zoning & alternative use

Top alternative use upside
Office building $1.1M +12.9%
Medical building $1.0M +7.3%
Retail stores $985,000 +3.9%

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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More about this property
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