$3,599,000
( )
 $19,320 est/mo Sourced by Back At You

12525 W Sunset Highway,Airway Heights, WA 99001

Airway Heights, WA 99001

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Description

FLEXIBLE OWNER FINANCING WITH LARGE DOWN PAYMENT, PRICED TO SELL. 2024 proforma financials show gross income of $761,799, net income of $458,818, and a 12.07% cap rate. 2023 financials show gross income of $805,977, net income of $502,218, and a 13.22% cap rate. This is a 51-unit All Seasons Mobile Home & RV Park and Motel situated on 4.17 acres, including 15 park-owned single wides, one park-owned double wide, 10 RV spaces, and a motel consisting of one single-room unit and 23 double-room units. Additional income-producing improvements include a 2,400 sq ft warehouse and a used car lot. Zoned C1-A commercial with strong redevelopment potential for retail, office, motel, automotive center, restaurants, and more, with a maximum building height allowance of 45 feet (buyer to verify all development possibilities and applications with city). City water and sewer are in place. Recent capital improvements include a $40,000 motel roof replacement and addition of 10 RV spaces in 2016, approximately $300,000 invested in new sewer lines and hookups for motel and mobile/RV units in 2017-2018, and a $25,000 road upgrade completed in 2023. Adjacent vacant lot is also available for $599,900. Property is conveniently located near Fairchild Air Force Base, Spokane International Airport, and the new Amazon facility, offering strong demand drivers for both current operations and future redevelopment potential.

Details

MLS #2503550
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Days On Site161
Listing Provided ByReal Estate 2000 Inc. | David M. Hilbert

Features

Acreage0.53

Area Information

StateWA
CountySpokane
CityAirway Heights
Zip Code99001
Area561 Spokane County
Community NameAirway Heights
Listing VS Median (in Airway Heights)
Price:
$3,599,000
low | high
Med:
$0
On site:
161
low | high
Med:
Sourced by Back At You

Market Activity 99001

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Learn More About This Property

StateWA
CountySpokane
CityAirway Heights
Zip Code99001
Area561 Spokane County
Community NameAirway Heights
Listing VS Median (in Airway Heights)
Price:
$3,599,000
low | high
Med:
$0
On site:
161
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.699M - $4.498M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
12421 W Sunset Highway Property Photo 1
$1,800,000
12421 W Sunset Highway
Airway Heights, WA 99001
Listing Updated: September 17, 2026 at 9:51:46 PM PDT