4626 S Dowdy Rd Spokane, WA 99224
For Sale
This exceptional commercial property, located at 4626 & 4612 S Dowdy Rd in Spokane, WA, offers 166,834 square feet on a 3.83-acre lot. Priced at $2,045,000 ($12.26/sq ft), this Class A property boasts a four-story building with flexible zoning, suitable for a variety of uses including hospitality, industrial, mixed-use, office, and self-storage. The property features I-90 frontage, providing excellent visibility and accessibility. Its strategic location offers convenient access to downtown Spokane (6 minutes away) and Spokane International Airport (5 minutes away). All public utilities are in place, including city sewer and water, Inland Power and Light electricity, and Avista gas. The property is situated across the street from a new Cambria Hotel and near several established businesses such as Amazon, Douglass Legacy Park, and CAT. This is the last remaining small parcel fronting I-90, making it a truly unique opportunity. The property's parcel numbers are 24051.0505 and 24051.0504. The land value is $12.25/SF. This owner/user investment opportunity presents a rare chance to acquire a prime commercial property in a thriving Spokane location. The property is zoned for a wide range of commercial uses, including hospitality, retail, and medical.
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
Similar Nearby for Sale
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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.