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12525 W Sunset Hwy 4.17 Acres of Commercial Land Offered at $3,899,000 in Airway Heights, WA 99001
INVESTMENT HIGHLIGHTS
- 2,400 Sq Ft Warehouse
EXECUTIVE SUMMARY
FLEXIBLE OWNER FINANCING WITH LARGE DOWN PAYMENT, PRICED TO SELL.
***2024 Proforma Financials;
Gross: $761,799
Net: $458,818
Cap: 11.77%.
***2023 Financials;
Gross: $805,977,
Net: $502,218,
Cap: 12.88%.
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.
***2024 Proforma Financials;
Gross: $761,799
Net: $458,818
Cap: 11.77%.
***2023 Financials;
Gross: $805,977,
Net: $502,218,
Cap: 12.88%.
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.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$458,818
|
$110,028.30
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Net Operating Income | |
|---|---|
| Annual | $458,818 |
| Annual Per AC | $110,028.30 |
PROPERTY FACTS
| Price | $3,899,000 | Proposed Use | Manufactured Homes or Mobile Home Park |
| Sale Type | Investment | Total Lot Size | 4.17 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | C1-A | ||
| Price | $3,899,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 4.17 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | C1-A |
1 LOT AVAILABLE
Lot
| Price | $3,899,000 | Lot Size | 4.17 AC |
| Price Per AC | $935,011.99 |
| Price | $3,899,000 |
| Price Per AC | $935,011.99 |
| Lot Size | 4.17 AC |
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.
DESCRIPTION
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.
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12525 W Sunset Hwy
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