5025 Sprague AveSpokane Valley, WA 99212

Property Details for 5025 Sprague Ave

Year built

2012

Lot size

17.49 AC

Property size (Sq ft)

510,500 SF

Property type

Retail space

APN

35143.0501

APU

351430501

Description

This exceptional 4.4-acre commercial land parcel presents a remarkable investment opportunity in the thriving Spokane Valley, Washington. Located at 5025 E Sprague Ave, 99212, this property boasts a highly desirable location directly adjacent to a Walmart, ensuring exceptional visibility and foot traffic. The expansive lot size offers significant development potential for a variety of commercial uses, capitalizing on the strong retail presence and dense population of the surrounding area. Its strategic position along E Sprague Ave provides easy access and high exposure to a substantial daily traffic volume. The property is situated in Spokane County, Washington, within the Spokane Valley city limits, offering access to a robust infrastructure and a supportive business environment. This prime location is ideal for businesses seeking high visibility and convenient access to a large customer base. The 4.4 acres provide ample space for a variety of development projects, from retail establishments to restaurants and other commercial ventures. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land opportunity. The property's address is precisely 5025 E Sprague Ave, Spokane Valley, WA 99212, with GPS coordinates of 47.6584548 latitude and -117.3377895 longitude. This is a rare chance to acquire a significant commercial land parcel in a prime location with high growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $134,204,344

  6.5%

  $123,880,936

  7%

  $115,032,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $274,286,144

  Geo Method

  $274,286,144

• Alternative Use

  Use

  Valuation

  Residential

  $104,498,200

  Hospitality

  $95,719,792

  Educational

  $79,637,744

  Medical

  $82,376,608

  Retail

  $123,880,936

Location Insight

City

Spokane Valley

County

Spokane

State

Washington

Latitude

47.6584

Longitude

-117.339

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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