Property Details

12525 W Sunset Hwy

Airway Heights, WA 99001

$3,699,000

Available

CBA# 668860 courtesy of CBA Listing firm: Real Estate 2000 Corp.

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Commercial

Property Type

22,880

Bldg Sq Ft

Units

12.00%

Cap Rate

1955

Year Built

Property Overview

FLEXIBLE OWNER FINANCING WITH LARGE DOWN PAYMENT, PRICED TO SELL. ***2024 Proforma Financials; Gross: $761,799 Net: $458,818 Cap: 12.07%. ***2023 Financials; Gross: $805,977, Net: $502,218, Cap: 13.22%. 51 Unit All Seasons Mobile Home & RV Park And Motel On 4.17 Acres. This Includes 15 Park Owned Single Wides And One Park Owned Double Wide, 10 RV Spaces, One Single And 23 Double Room, Motel. 2,400 Sq Ft Warehouse, And Used Car Lot. Commercial Zoned C1-A. Redevelopment Potential For Retail, Office, Motel, Automotive Center, Restaurants and More! Maximum Building Height of 45'. See Attached Permitted Uses Below. Buyer and Buyers Agent To Verify Development Applications. City Water And Sewer. Recent Upgrades: $40,000 Roof On Hotel And 10 New RV Spaces Added In 2016, $300,000 New Sewer Line and Hookups to Motel And Mobile/RV Units In 2017/2018, $25,000 Road Upgrade in 2023. Adjacent Vacant Lot Available For $599,900. Close To Fairchild Air Force Base, Spokane International, And New Amazon Facility.