Hwy 2 Commercial Land New Casino

Vacant Land for Sale
Catylist Listing ID: 30149861
Property Subtypes: Industrial, Retail
Gross Land Area: 89.20 Acres
Sale Price: $895,000
Unit Price: $10,033 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/26/2017

Overview / Comments

Well located 89 acre development site fronting on Hwy 2 just West of Spokane and East of Fairchild Air Force Base. Across Hwy 2 from new $400M casino currently under construction. Property was mapped into 4.6+/- acre tracts in early 1900's and has platted and un-built road from Hwy 2, 60' access and utility easement to Craig Road, and frontage on S Fairview Heights Rd. Property is zoned for commercial and light industrial development. Located in the County there is a development agreement that restricts this property from residential or multi-family development. Annexation agreement with City of Airway Heights allows for City utilities to the site. Water and Sewer will come from Craig Road approximately 1,300 feet to the East.

Additional Details

Nearest MSA: Spokane-Spokane Valley
County: Spokane
Taxing Authority: Spokane County
Tax ID/APN: 14271.0821, 14275.0130
Zoning: COMMECIAL HWY FRONTAGE 18 ACRES AND BALANCE 71 ACRES LIGHT INDUSTRIAL
Property Located Between: Craig Road and S Fairview Heights Rd.
Property Visibility: Excellent
Legal Description: See attached pdf file legal and maps
Largest Nearby Street: State Hwy 2
Feet of Frontage: 1,134
Highway Access: Hwy 2, Craig Road, S Fairview Heights Rd.
Airports: Spokane International Airport
Site Description: generally rectangular and slightly sloping downward to Hwy 2.
Area Description: Fast growing West Plains area. Near planned aerospace expansion area announced by the Airport Authority and the County of City of Spokane.
Lot Frontage: 1134 feet
Lot Depth: 2400 feet
Zoning Description: Front 18 acres (4 tracts) zoned Hwy commercial and balance of 71 acres (16 tracts) zoned light industrial
Topography: Gently Sloping
Easements: Ingress/Egress, Utilities
Easements Description: Water and sewer lines near back of property that serve Fairchild Air Force Base.
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,418 9,022 19,005
Median Age: 33.02 30.51 33.41
Households: 950 2,279 6,203
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