Listed by KIEMLE HAGOOD
$1,650,000
Apartment/assisted Living Development Opportunity
Details
APN 45131.9004, 45131.9005, 45131.9006, 45131.9030
Property Type Land, Multifamily
Sub Type Apartment Building, Commercial
Square Footage 3,836
Price per SqFt $482
Acreage 4.830
Zoning RHD - Residential High Density (22 Units Per Acre)
Land | 4.83 acres
Marketing description
For Sale.
Investment highlights
- Total of 4.83 acre site positioned for redevelopment. Per Spokane Valley RHD zoning-106 allowable apartment units (22 per acre). Basic mock up for 96 units which would maintain the 4 Br, 2 bath house for rental or resale purposes.
- Possible to buy neighboring additional +/- 2 acres! Call for more information on this-
- Spokane Valley mandated by State of Washington to update their comp plan by end of 2026-possibly increasing unit density
- This is unique opportunity remaining in the heart of Spokane Valley for redevelopment. With many options for creatively identifying the best structure and timing to redevelop.
- Walking distance to Lowe’s, Walmart, Big 5 Sporting Goods, Panda Express, and many other goods and services on Sullivan!
- Call to discuss some creative options on this property!
Listing Contacts
Listed by KIEMLE HAGOOD
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