4524 Dowdy Rd Spokane, WA 99224
This exceptional 1.52-acre industrial land parcel, located at 4524 S. Dowdy Road in Spokane, Washington, presents a unique investment opportunity. Priced at $530,000, or $8 per square foot, this fully improved and permit-ready site boasts convenient access to Interstate 90 via Electric Avenue or Geiger Boulevard, just one mile from exit 276. The property (APN 24051.0503) is strategically situated between the Flynn Office Building to the north and two parcels to the south, one of which offers I-90 frontage. All necessary public infrastructure is in place, including city sewer and water services (stubbed to the site), Avista natural gas, and Inland Power and Light electrical service. A wide range of commercial and retail uses are approved, encompassing medical facilities, hospitality businesses, and restaurants, among others. This prime location and infrastructure make this property ideal for a variety of development projects. The property's ready-to-build status significantly reduces development time and costs, making it an attractive option for investors seeking a quick return. Don't miss this chance to acquire a highly desirable industrial land parcel in a thriving Spokane location.
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
No recorded transactions found for this property.
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.