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    OFF-MARKET
    Commercial real estate

    22111 Elk Chattaroy Rd, Colbert, WA 99005

    Entity Owned 4-yr Hold
    Property ID
    US90-2362769
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    APN 37101.9083
    UPID US90-2362769
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Sunset Storage Condos LLC · 4 yrs held
    Sunset Storage Condos LLC
    since 2021
    1 recorded transaction
    2021
    $550,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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