12002 Sunset HwyAirway Heights, WA 99001

Property Details for 12002 Sunset Hwy

Year built

1996

Construction

STEEL FRAME

Lot size

1.56 AC

Property size (Sq ft)

4,277 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

15243.0037

APU

152430037

Description

This exceptional 8.72-acre commercial land parcel presents a unique investment opportunity in Airway Heights, Washington. Located on Highway 2, this property boasts 820 feet of highway frontage, ensuring high visibility and accessibility. The property is zoned for General Commercial and Light Industrial uses, offering a wide range of development possibilities. Its strategic location is less than 10 miles from Downtown Spokane, providing easy access to a thriving urban center and a large workforce. The area is already home to a variety of established businesses, including Zak Designs, KFC, Panda Express, Zips, AutoZone, and Cenex, creating a strong and diverse commercial environment. This parcel is part of a larger offering of six parcels, ranging in size from 4.55 to 36.27 acres, and offering a combined total of 1,579,929 square feet. The parcels can be purchased individually or as a portfolio, providing flexibility for investors with varying needs and scales of operation. The asking price for this specific 8.72-acre parcel is $949,815. This is an ideal location for businesses seeking high visibility, convenient access, and a strong surrounding commercial presence. Don't miss this chance to acquire a piece of prime commercial real estate in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,281,121

  6.5%

  $1,182,573

  7%

  $1,098,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,297,986

  Geo Method

  $2,297,986

• Alternative Use

  Use

  Valuation

  Residential

  $997,545

  Hospitality

  $913,746

  Educational

  $760,226

  Medical

  $786,371

  Retail

  $1,182,573

Location Insight

City

Airway Heights

County

Spokane

State

Washington

Latitude

47.6435

Longitude

-117.578

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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