22111 Elk Chattaroy Rd, Colbert, WA 99005
This exceptional 1.2-acre commercial land parcel, located at 22111 N Elk Chattaroy Rd, Colbert, WA 99005 (APN 37101.9083), presents a unique investment opportunity. Currently zoned LDAC (Limited Development Area Commercial), this property enjoys a highly desirable location along Highway 2, boasting the distinction of being the only commercially zoned land within an 8-mile radius between Colbert and Chattaroy. The asking price is $1,400,000. This strategic positioning offers unparalleled visibility and accessibility for a wide range of commercial ventures. The property's potential is further enhanced by pre-approved development plans for luxury garage condos. Phase 1 permits are already secured and paid for, allowing for immediate commencement of construction should the buyer choose this route. This turnkey opportunity combines the benefits of a prime location with the convenience of readily available development plans, making it an ideal investment for both seasoned developers and astute entrepreneurs seeking a high-return venture in a rapidly growing area. The property's latitude and longitude coordinates are 47.8585867761721 and -117.3550841083285 respectively. This is a rare chance to acquire a strategically located commercial property with significant development potential in Spokane County, Washington.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.