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Listed by Eric Peterson • Keller Williams Spokane - Main
$ 10,850,000
Est. payment /mo
Active
11802 E Main Ave Spokane Valley, WA 99206
42,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 42,000 sqft
Price per Sqft $258
MLS Listing ID 202615194
Year Built 2026
Lot Size 0.950 Acres
Lot Dimensions 0.95
Property Sub-Type Commercial
Property Description
New Construction "42 Unit Mason Apartment Complex" nearly an Acre site! There are 36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. Each Unit to be Well Appointed to include Hard Surface Countertops and Laminate Floor Throughout. 85 Parking Spots (with 12 EV Stalls). All Units have washer/dryers and private patios or decks. The Ceilings are 10' and Primary bedrooms have walk-in closets. All Units have mini-splits or PTAC units for heating/cooling. Security Gate is Roughed-in for Parking Lot - Asphalt is starting soon! Rent Study - 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800. Total Income - $885,600. Total Annual Expenses - $243,008. NOI - $624,879. Approx Completion Date is July 2026.
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating See Remarks
Cooling Other
Exterior
View Y/N true
View City
Roof Type Composition
Building
Lot Description Level, City Bus (w/in 6 blks), Oversized Lot, Common Grounds
Story 3
Structure Type Masonite
Schools
Elementary Schools Opportunity
Middle Schools North Pines
High Schools Central Valley
School District Central Valley
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Virtual Tour https://northernexposuremedia.com/2947328