Property profile

6010 Holly Rd Spokane, WA 99224

OFF-MARKET
Land
Property ID
US90-2084227
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Property summary

AI-generated overview

This exceptional 224-unit multifamily development opportunity is located in Spokane, Washington, at 6010 S Holly Rd, boasting a prime location at the intersection of Hatch Road and Holly Road. The property, identified by APN 24053.9057, is zoned for multifamily development and presents a significant investment prospect. Its strategic positioning offers convenient access to essential amenities and infrastructure. The site is situated adjacent to Snowden Elementary School and a thriving DR Horton subdivision, ensuring a strong residential presence and potential tenant pool. Furthermore, its proximity to an Amazon Fulfillment Center provides added economic appeal and potential for increased property value. The asking price for this expansive land parcel is $3,650,000. Preliminary engineering work has been completed by WCE (Todd Whipple), providing a solid foundation for future development plans. This presents a rare chance to capitalize on the growing Spokane real estate market and create a substantial multifamily community. The property's location and zoning make it an ideal candidate for a large-scale development project. Detailed site plans and engineering reports are available upon request. Don't miss this exceptional opportunity to acquire a highly desirable development site in a rapidly expanding area.

Property profile

Verified
Property type Land
UPID US90-2084227

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6010 Holly Rd Spokane, WA 99224
Spokane metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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