28312 Newport HwyChattaroy, WA 99003

Property Details for 28312 Newport Hwy

Year built

1985

Lot size

2.12 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

38221.9031

APU

382219031

Description

This exceptional commercial land parcel, located at 28312 N Newport Hwy in Chattaroy, WA 99003, presents a unique investment opportunity. The property boasts a generous 25,000 square feet of usable land, ideal for a variety of commercial ventures. With a total lot size of 92,347 square feet, there is ample space for development and expansion. The property is designated for single-tenant occupancy, offering a streamlined approach to leasing and management. Situated in Chattaroy, Washington, this location offers convenient access to key transportation routes and amenities, making it an attractive proposition for businesses seeking a strategic foothold in the region. The property's size and location make it suitable for a wide range of commercial uses, from light industrial to retail, subject to local zoning regulations. This is a blank canvas for your next commercial project. The latitude and longitude coordinates are 47.9146969, -117.3484676, allowing for easy location verification and mapping. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location. Serious inquiries are encouraged. The property is currently available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $898,612

  6.5%

  $829,488

  7%

  $770,239

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,611,868

  Geo Method

  $1,611,868

• Alternative Use

  Use

  Valuation

  Residential

  $699,704

  Hospitality

  $640,925

  Educational

  $533,242

  Medical

  $551,581

  Retail

  $829,488

Location Insight

City

Chattaroy

County

Spokane

State

Washington

Latitude

47.9149

Longitude

-117.349

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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