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Dixie Simon

dixiesim@gmail.com +1(509) 385-4441

Listed by Chelsey Graves • Avalon 24 Real Estate

$ 1,200,000

Est. payment -/mo

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5703 S Thomas Mallen Rd Spokane, WA 99224

4.42 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202622727

Style Ranch

Year Built 1948

Lot Size 4.420 Acres

Lot Dimensions 4.42

Property Sub-Type Residential Income

Property Description

Exceptional investment and development opportunity on ±4.42 acres of Light Industrial-zoned land in a prime Spokane location with quick, convenient access to I-90. This versatile property offers the rare combination of immediate rental income and outstanding future development potential. Two updated residential homes are currently leased, generating $4,600 per month with the opportunity for immediate rent increases. The homes include a 5-bedroom, 2-bath residence with approximately 1,656 square feet and a 4-bedroom, 2-bath residence with approximately 1,200 square feet. Continue collecting rental income while planning your next commercial or industrial project. The Light Industrial zoning supports a variety of business and development opportunities, making this an ideal investment for developers, owner-users, or investors seeking long-term upside. Rarely does a property offer this combination of income, flexibility, desirable zoning, and a highly accessible location.

Location

State WA

County Spokane

Rooms

Basement Crawl Space, Slab

Interior

Heating Electric, Heat Pump, Ductless

Cooling Wall Unit(s)

Appliance Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave

Exterior

Parking Features Attached, Slab, RV Access/Parking, Off Site

Garage Spaces 2.0

Amenities Available None

View Y/N true

Roof Type Composition

Building

Lot Description Fenced Yard, Treed, Legal Non-Conforming, Horses Allowed

Story 1

Architectural Style Ranch

Structure Type Vinyl Siding

Schools

Elementary Schools Snowden

Middle Schools Westwood

High Schools Cheney

School District Cheney

Others

Acceptable Financing Conventional, Cash, Commercial

Listing Terms Conventional, Cash, Commercial

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Phone

+1(509) 385-4441

dixiesim@gmail.com

Address

509 N Shamrock Rd, Spokane Valley ,, Washington 99037, USA